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Ro Khanna defeats incumbent Mike Honda in Congressional race

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FREMONT, Calif. (Diya TV) — Fremont attorney Ro Khanna, in his second battle with incumbent Mike Honda and in his third attempt at a congressional seat, has emerged victorious against the eight-term congressman.

Khanna jumped out to an early lead in the race almost immediately after the polls closed, early numbers showed him far out in front. Returns that came during the latter hours from Alameda and Santa Clara counties cemented the victory.

Honda spokesman Vedant Patel said late Tuesday the campaign was not yet prepared to concede the election, according to the Mercury News. Regardless, according to the report, Khanna campaign manager Michael Ambler said they are “confident that Ro will be the new Congressman.”

Critics believed Honda had his work cut out for him after Khanna captured the party’s nomination at their June state primary. The 75-year-old Honda has also been plagued by a House ethics investigation for more than a year, allegations of using taxpayer funds for campaign purposes have been levied against him.

Khanna told Diya TV during his campaign’s victory celebration he was grateful for all the support he’s received from his supporters, and was excited to get to work immediately.

At the time, the election between candidates Hillary Clinton and Donald Trump was yet to be decided. That won’t stop him for working with either of the candidates though.

“Obviously I was for Hillary, but we’ve got to come together as a country,” he said.

The contest in California’s 17th Congressional District got even dirtier just days before Election Day — Mike Honda aired a TV ad portraying Khanna as a slimy Wall Street puppet. Khanna fired back his own ads, portraying Honda as tired and unethical.

When Khanna went up against Honda in 2014, more than 20 points divided the two in the primary, a gap that the challenger closed to less than 4 points by the general election.

Founder of Indiaspora, M.R. Rangaswami was elated as he spoke to Diya TV about the representation of Indian Americans in the House with Ami Bera, Raja Krishnamoorthi, Pramila Jayapal and Ro Khanna all emerging victorious.

“We are one percent of the population and now we are one percent of Congress!”, he said.

 

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FTX’s Nishad Singh got $543 million loan

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More fallout from the FTX cryptocurrency platform collapse. Court documents show its affiliate Alameda Research loaned executives like Sam Bankman Fried $1 billion and more than $500 million to Indian American Nishad Singh, FTX’s top engineer. FTX’s interim CEO says never in his career has he seen such complete failure of corporate controls and a complete absence of trustworthy financial information. The company filed for Chapter 11 bankruptcy after it was unable to come up with customer funds.

Elizabeth Holmes was sentenced to more than 11 years in prison after her conviction in January for defrauding investors while running the failed blood testing start up Theranos.In her trial, Holmes alleged she was in the midst of a decade-long abusive relationship with her then-boyfriend and Theranos COO Ramesh “Sunny” Balwani. The Indian American was also found guilty for his role in this fraud and will be sentenced later.

Starting next month, India will assume the G20 presidency for a year and chair more than 200 meetings, leading the way for global economic growth. Prime Minister Narendra Modi said his country’s leadership here will be inclusive, ambitious, and decisive.

Ravi Kapur contributed to this report.

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Arvind Venkat & Tarik Khan win Pennsylvania State seats

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WASHINGTON D.C. (Diya TV) – Looking back at the midterm elections, Arvind Venkat and Tarik Khan made history as the first South Asian Americans elected to the Pennsylvania State Legislature. Advocacy group Indian American Impact played a major role on the ground, saying it trained and mobilized 200 volunteers to go door-to-door, to engage voters and provide info they needed to elect new leadership.

After 35 years, the Nancy Pelosi era is officially coming to an end. The speaker from San Francisco announced she’s bowing out of leadership, but will retain her House seat. The midterms cost Pelosi’s Democratic party the House and effectively ended her speakership.

Two former Indian American executives at Meta Platforms will launch a new non fungible token start up for creators. Kirthiga Reddy and Saurabh Doshi have raised more than $8 million for their new company called Virtualness. But they are facing headwinds as the FTX cryptocurrency exchange collapse is putting pressure on the entire industry.

Ravi Kapur contributed to this report.

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Meet FTX insider Nishad Singh

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SAN FRANCISCO (Diya TV) – The controversy around failed cryptocurrency exchange FTX continues to captivate the world. Part of the scrutiny is now on the people involved, including Indian American Nishad Singh. According to new reports, this techie was part of FTX’s inner circle, which lived together and ran the cryptocurrency empire from the Bahamas. The software engineer was also reportedly aware that FTX secretly transferred customer funds worth billions of dollars to its sister firm Alameda Research. Currently, no one is facing any criminal charges. Diya TV featured Singh more than a decade ago for running ultra marathons as a 17 year old getting ready for college. 

Former President Donald Trump has officially announced he is running for president in 2024, marking his third bid for the White House. Trump had been hinting at this announcement for months, as the embattled former president faces multiple criminal and civil litigations and as his party is grappling with a worse than expected showing in the midterm elections. 

At the G20 Summit in Bali, world leaders including Indian Prime Minister Narendra Modi and U.S. President Joe Biden are coming together to condemn the rising threat of nuclear weapons as Russia’s war against Ukraine continues to raise tension and anxiety around the world.

Ravi Kapur contributed to this report.

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