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E-mail ID will not be published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

  • Sebi must not be lax in weeding out mutual fund houses

    Last May, capital market regulator Securities and Exchange Board of India (Sebi) amended the Sebi (mutual funds) regulations, 1996, directing all fund

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Customer orientation needs human touch

In the mid-1990s, while researching drivers of corporate excellence, we ...

Kuruvilla Pandikattu SJ

Can religion help us protect our planet?

Though not factually true, in popular imagination, the relationship between ...

Shona Adhikari

Pop art is truly a feast for the eyes

The internationally reknowned Bruno Art Group’s presence in India had ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture