Friday, March 22, 2013

Billionaire Raj Rajaratnam’s Brother Indicted on Insider Trading Charges

From hereisthecity: US authorities have charged the brother of fallen hedge fund billionaire Raj Rajaratnam with participating in his insider dealing scam.

Rajarengan Rajaratnam, younger brother of the Galleon hedge fund boss, now lives in Brazil and the US is likely to press for him to be extradited to face the charges. The indictment comes as a deadline to bring charges for securities violations approached...

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