Kash Patel, President Donald Trump's candidate to be the head of the Bureau of Bureau of Investigation, owns the value of the value between $ 1 million to $ 5 million which controls the price that controls ShinA controversial According to lobbying and corporate records of three countries reviewed by Wired, ecommerce and fashion giants were established in China. They show that Patel started consulting for Shin A month ago The company also retained the services of a lobbying firm, where Trump's newly reinforced American Attorney General worked at that time.
Legally required financial disclosurePatel told the members of the US Senate – who is expected to be confirmed next week – if he becomes the FBI leader, he does not plan to divide his stake in Shin. He was allocated shares in a fast-fashion company, which is allegedly valuable $ 50 billionAs called the “restricted stock unit” (RSU).
RSU is often given to the company employees, which can usually not cache them until a certain time has passed or other conditions are met. Patel revealed that his Shin RSUS begins to start on February 1 and it is expected that he would be paid quarterly.
Legally, an officer of the FBI, such as an officer of the Washington, says Jordan Liboitz, vice -president of the Watchdog Group citizens for the citizens of the Washington, will not need to divide or reuse the chief of the FBI until then. “However, optics of the situation are not great,” they say. “So we would recommend partition or recommendation from any case related to Shin to take office.”
An official working for Trump's transition team said that Patel had gone “up and beyond” to answer questions from MPs. Arjun Modi said in an email for Wired, “The Senate has evaluated all possible conflicts and concerns.” Shin did not immediately respond to the remarks request.
In his financial disclosure, Patel said that in April 2024, he began working as an advisor for a unit in the Cayman Islands called Elite Depot Limited, which he described as a “fashion management company”. A wired review of corporate registration filing, lobbying the US, UK and other public records of the Islands, and other public records reveal that the Elite acts as an original company for the depot shin.
Sheen, known for selling low -priced clothing in China, was subject to intensive investigation on its alleged immoral trade practices in Washington when Patel began to consult for the company. Amidst controversy, Sheen was struggling to get approval from financial regulators to become public in New York. In February that year, Florida, the then-sanator Marco Rubio, who is now the Secretary of State, Trump, Firmly request To stop the planned IPO of US Securities and Exchange Commission Shin.
In a financial audit shin presented to regulators in the UK – where it is currently trying an IPO, stall -Stall -Ruk went after its efforts in an American listing – the company said that its “ultimate controlling party Elite Depot Ltd. is a company registered in the Cayman Islands. Three apart Political Lobbying firm In Washington, while working on behalf of Shin, he describes the Elite Depot in a similar manner, with a 100 percent ownership share in fast-fashion giants.