NEW YORK (Diya TV) — A top level executive at global consulting firm McKinsey & Company has been arrested and charged with insider trading. Indian American Puneet Dikshit is accused of making more than $400,000 in illegal profits on information he allegedly obtained about an acquisition and now faces up to 40 years in prison. 

A federal grand jury has indicted former Trump  White House Advisor Steve Bannon for contempt of Congress. He’s charged with one count related to his refusal to appear for a deposition and another related to his refusal to produce documents. Each count carries a minimum of 30 days and a maximum of one year in jail.

The TiE SoCal Investors Summit drew hundreds of investors to the Hyatt Regency in Long Beach, California, but only 15 entrepreneurs were selected to pitch. Diya TV broadcast the prestigious gathering that showcased many Indian Americans. 

Ravi Kapur contributed to this report.