SAN FRANCISCO (Diya TV) – Former FTX Director of Engineer Nishad Singh pleaded guilty to six criminal charges in a New York court on Tuesday. The Indian American worked with FTX founder Sam Bankman-Fried at the defunct crypto exchange, was reported to have been looking for a plea deal with prosecutors last month. Singh pleaded guilty to charges including fraud and conspiracy. In a statement, Singh’s lawyers said, “Nishad is deeply sorry for his role in this and has accepted responsibility for his actions. He wants to do everything he can to make things right for victims, including by assisting the government to the best of his ability in this case.”

China has agreed to loan Pakistan $700m dollars to help it weather its worst economic crisis in a generation. The loan comes on top of $30 billion that Pakistan already owes China and Chinese commercial banks. Securing the financing will help to unlock bailout cash from the International Monetary Fund. China is Pakistan’s biggest single creditor and tends to charge relatively high interest rates.

In California as seen on Diya TV, the Bollywood Berkeley dance competition re-emerged after a hiatus and UC Santa Cruz took home the coveted crown. Watch all the performances now on Diya TV’s YouTube channel.

Ravi Kapur contributed to this report.