According to Reuters U.S. prosecutors want the jury in May's
insider trading trial of former Goldman Sachs director Rajat Gupta to hear
three secretly-recorded phone conversations of Galleon Group hedge fund founder
Raj Rajaratnam as evidence of the purported conspiracy between them.
In a pre-trial filing in Manhattan federal court on Monday
night, the government said two of Rajaratnam's conversations with his principal
trader and another with Galleon's then portfolio manager showed Gupta leaked
Goldman board secrets at the height of the financial crisis in 2008. The calls
were recorded by the Federal Bureau of Investigation.
"Rajaratnam's statements in these three recorded conversations
are essential evidence of the insider trading charges against Gupta in this
case," prosecutors Reed Brodsky and Richard Tarlowe wrote to U.S. District
Judge Jed Rakoff….
No comments:
Post a Comment