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Raj Rajaratnam

About Raj Rajaratnam

Raj Rajaratnam is a billionaire investor and the founder of hedge fund Galleon Group. In October 09, he, along with five others, were arrested over an alleged 20 million dollars insider trading scheme that US prosecutors called the biggest ever involving hedge funds. Soon after his arrest, stock markets in Sri Lanka collapsed with specualation that his funds have investments in some of the top Sri Lankan stocks.

Raj Rajaratnam in News

Rengan Rajaratnam, SEC reaches agreement to settle civil insider trading charge
Rengan Rajaratnam barred for at least five years from securities industry

King & Spalding Boosts SEC Enforcement and White Collar Practices With Recruitment of Dixie Johnson and Bill Johnson
King & Spalding today announced a significant enhancement of its SEC enforcement and white collar criminal practices with the addition of partners Dixie L. Johnson in Washington, D.C., and William F. Johnson in New York. The two join King & Spalding from Fried Frank, where they co-headed the SEC enforcement and white collar criminal defense groups.

Catalyst Launches First Legal Insider Trading Mutual Fund
Catalyst Funds announces the launch of the first legal insider trading mutual fund. The Catalyst Insider Long/Short Fund (NASDAQ: CIAAX) (NASDAQ: CIACX) seeks to take advantage of legal insider trading by purchasing stocks experiencing significant insider buying and selling short those that are subject to large clusters of insider selling.

Gupta's lawyers claim prosecutors lacked 'hard, direct' proof in insider trading case
Lawyers for former Indian-American Goldman Sachs director Rajat Gupta, who has been found guilty of insider trading, said that prosecutors lacked 'real, hard, direct' evidence against their client.

Indian-origin ex-Goldman Sachs director Rajat Gupta 'won't testify at insider trading trial'
The defense lawyer for a former Indian-American Goldman Sachs director Rajat Gupta, who has been accused of insider trading, notified the judge that his client will not testify at his trial.

Goldman Sachs CEO Lloyd Blankfein may be last witness to testify at Gupta trial
The CEO of Goldman Sachs Group Inc. Lloyd Blankfein is expected to testify in the insider-trading trial of Indian American ex-Goldman director Rajat Gupta.

Goldman Sachs exec 'caught on wiretrap leaking Intel, Apple's secrets' to Indian-origin Rajaratnam
An unidentified executive at Goldman Sachs was caught on a wiretap leaking confidential information about Intel Corp and Apple to Indian American hedge fund boss Raj Rajaratnam, a lawyer has claimed.

Two hedge fund employees arrested for insider trading that snagged Indian-origin boss Rajaratnam
The US authorities have arrested two hedge fund employees in an expanding insider trading investigation that has already claimed the Indian-origin co-founder of the Galleon Group, Raj Rajaratnam.

Jailed hedge-fund manager Rajaratnam's VIP list included ex-Goldman Sachs director Gupta's name
A former assistant of jailed hedge-fund manager Raj Rajaratnam has said in his testimony against ex-Goldman Sachs Director Rajat Gupta, that Rajaratnam had kept a VIP list of people, which included the name of the Indian American businessman, who has been put to trial by a Manhattan court.

Indian-origin billionaire Rajaratnam begins 11-year prison term for insider trading
Billionaire Indian American hedge fund boss Raj Rajaratnam, who allegedly made over 70 million dollars through insider trading, has begin serving his 11-year prison sentence.

NY court hears Indian-origin billionaire Rajaratnam's bail appeal in insider trading case
Lawyers of billionaire Indian American hedge fund boss Raj Rajaratnam have sought a delay of his 11-year prison sentence in connection with a insider trading case, by asking a US court to let him be free on bail while he appeals for his conviction.

Focus attention on real scamsters, BJP tells Digvijay Singh
Commenting on Congress General Secretary Digvijay Singh's latest tweet on the judiciary, the Bharatiya Janata Party (BJP) on Friday said it was an attempt to draw attention away from the real scamsters.

Digvijay Singh backs tweet on Indian judiciary, supports grant of bail
Congress General Secretary Digvijay Singh backing his latest tweet on Indian judiciary on Friday said the judiciary should be a little liberal about those people, who are languishing in jail in spite if the fact that they have not been convicted as yet.

Indian origin billionaire investor Rajaratnam accused of netting $72mln illegally
Billionaire Indian American hedge fund boss Raj Rajaratnam made over 70 million dollars through illegal trades, a US prosecutor has claimed.

Here's what ex-IMF chief will go through in stint under house arrest
A New York court's order to keep former International Monetary Fund (IMF) Dominique Strauss-Kahn under 'house arrest' might have come as a relief to him, but he will under strict confinement and would be bound by an electronic bracelet around his ankle.

Defence rests case against Indian-origin billionaire Raj Rajaratnam
The defence team of Raj Rajaratnam, the Indian-origin billionaire co-founder of the Galleon Group who has been accused of making tens of millions of dollars on insider tips, rested their case on Monday without calling Rajaratnam to the witness stand.

Former Goldman Sachs director Rajat Gupta hits back at US regulator
Former Goldman Sachs Director Rajat Gupta, who is accused of sharing inside information with hedge fund trader Raj Rajaratnam, has hit back at the US Securities and Exchange Commission (SEC) over the allegations.

Billionaire hedge-fund head Rajaratnam faces 100 years in US prison
A Sri Lankan born-American, who founded the Galleon Group, a New York-based hedge fund management, used "stolen business information to steal tens of millions of dollars", a federal prosecutor said on the first day of his trial in New York.

Trial delayed in Indian American insider trading case
A federal court judge in Manhattan on Thursday postponed the start date for the securities fraud trial of Galleon Group founder Raj Rajaratnam until March 8.

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