Trial starts for ex-hedge fund owner's brother

Tags: News
An insider trading trial is set to start in New York for the brother of an imprisoned one-time billionaire hedge fund founder.

Rengan Rajaratnam goes on trial today, three years after his brother was convicted in Manhattan federal court on insider trading charges. The brother, Raj Rajaratnam, is serving an 11-year prison sentence. The Supreme Court yesterday declined to hear further appeals of his case.

Rengan Rajaratnam has pleaded not guilty to securities fraud charges. The charges against him are an extension of charges brought against his brother and two dozen other defendants who pleaded guilty or were convicted at trial. Prosecutors made extensive use of wiretaps in an insider trading case for the first time during the federal probe, which began over six years ago.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India must redefine poverty based on mobile haves and have nots

    Who is poor? Who is not?

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Tushar Gandhi

We’re nothing without our farmers

For centuries, India has been an agrarian and a skill ...

Purnendu Ghosh

Love or hate can happen at sight

Hate, like love, is an all-consuming passion. There are people ...

Shona Adhikari

Taking a leaf out of nature for inspiration

I was on a 10-day visit to Bangalore. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture