Key Indian-American insider trading witness avoids jail
July 20th, 2012 - 11:46 am ICT by IANS
New York, July 20 (IANS) Anil Kumar, a former Indian American McKinsey executive, avoided jail time after prosecutors hailed his "extraordinary" cooperation leading to the conviction of hedge fund billionaire ... Read more...
Posted in World |
Leniency sought for Indian-American insider trading witness
July 17th, 2012 - 12:02 pm ICT by IANS
New York, July 17 (IANS) US prosecutors have made a plea for leniency for a former Indian-American executive of McKinsey & Co whose testimony helped convict Wall Street giants Raj ... Read more...
Posted in Business |
Rajat Gupta convicted on insider trading charges (Second lead)
June 16th, 2012 - 12:09 am ICT by IANS
New York, June 15 (IANS) The one time poster boy of Indian business in America, Rajat Gupta was convicted Friday of four of six counts on charges of providing insider ... Read more...
Posted in Business |
Rajat Gupta convicted on four counts by US jury (Lead)
June 15th, 2012 - 11:53 pm ICT by IANS
New York, June 15 (IANS) Former Goldman Sachs' Indian American director Rajat Gupta was convicted Friday of four of six counts on charges of providing insider tips to convicted hedge-fund ... Read more...
Posted in Business |
Rajat Gupta’s alleged tips were publicly known: Defence
June 9th, 2012 - 11:26 am ICT by IANS
New York, June 9 (IANS) Lawyers of Rajat Gupta, former Indian American director of Goldman Sachs Group, have questioned the prosecution charge that he leaked secret tips to convicted hedge ... Read more...
Posted in Business |
‘Rajat Gupta had a good tenure at Goldman’
June 8th, 2012 - 10:40 am ICT by IANS
New York, June 8 (IANS) Rajat Gupta, former director of Goldman Sachs Group, had a "not long, but good" tenure, the bank's CEO Lloyd Blankfein testified at his trial on ... Read more...
Posted in Business |
Rajat Gupta’s lawyers say others tipped Rajaratnam
June 7th, 2012 - 12:32 pm ICT by IANS
New York, June 7 (IANS) Lawyers for Goldman Sachs's former director Rajat Gupta, on trial for inside trading, have suggested that leaks from the bank to convicted hedge fund billionaire ... Read more...
Posted in Business |
Rajat Gupta had no motive to leak inside tips: Defcnce
June 5th, 2012 - 11:16 am ICT by IANS
New York, June 5 (IANS) Goldman Sachs' former Indian-American director Rajat Gupta had no motive to leak inside tips to convicted hedge fund billionaire Raj Rajaratnam as their relationship ... Read more...
Posted in Business |
Prosecutors ‘tarring’ Rajat Gupta: US judge
June 2nd, 2012 - 10:15 am ICT by IANS
New York, June 2 (IANS) A US federal court judge trying Rajat Gupta on insider trading charges has observed that prosecutors were "tarring" the former Indian-American managing director of McKinsey ... Read more...
Posted in Business |
Rajat Gupta secretly served Rajaratnam’s hedge fund: Prosecution
June 1st, 2012 - 8:36 am ICT by IANS
New York, June 1 (IANS) Prosecutors in the insider-trading trial of Rajat Gupta have suggested he leaked information about Goldman Sachs to convicted hedge fund billionaire Raj Rajaratnam because he ... Read more...
Posted in Business |
Rajat Gupta’s lawyers say traders ‘bragged’ falsely about tipsters
May 31st, 2012 - 11:28 am ICT by IANS
New York, May 31 (IANS) Convicted hedge fund billionaire Raj Rajaratnam and traders at his Galleon Group "exaggerated" and "bragged" about having sources of inside information, lawyers for Indian American ... Read more...
Posted in Business |
Did Rajat Gupta spill the beans about Project Moon?
May 26th, 2012 - 11:58 am ICT by IANS
New York, May 26 (IANS) A prosecution witness revealed a jam company's secret plan code-named Project Moon as government sought to prove that as a director for Goldman Sachs and ... Read more...
Posted in Business |
Rajat Gupta’s trial: Prosecutors play FBI wiretaps
May 25th, 2012 - 10:25 am ICT by IANS
New York, May 25 (IANS) Prosecutors played a series of FBI wiretapped phone conversations in a bid to show that Goldman Sachs' former Indian-American director Rajat Gupta shared confidential information ... Read more...
Posted in World |
US court hears Rajat Gupta’s call to Rajaratnam
May 24th, 2012 - 1:01 pm ICT by IANS
New York, May 24 (IANS) Prosecutors played the lone recorded phone call of Rajat Gupta to Raj Rajaratnam to show the close relationship of Goldman Sachs' former Indian American director ... Read more...
Posted in World |
Rajat Gupta was on Rajaratnam’s ‘Important People’ list: Witness
May 23rd, 2012 - 11:56 am ICT by IANS
New York, May 23 (IANS) Former Indian-American director of Goldman Sachs director Rajat Gupta was once on convicted hedge fund billionaire Raj Rajaratnam's "important people" list, according to a prosecution ... Read more...
Posted in Business |
Rajat Gupta threw away his duties: Prosecution
May 22nd, 2012 - 11:05 am ICT by IANS
New York, May 22 (IANS) Prosecutors accused Indian American Rajat Gupta with throwing away his duties as the high-profile trial of the former director at Goldman Sachs on insider trading ... Read more...
Posted in Business |
‘Rajat Gupta cannot take a Mother Teresa defence’
May 18th, 2012 - 10:45 am ICT by IANS
New York, May 18 (IANS) Rajat Gupta has been forewarned that he cannot beat insider trading charges by trumpeting his philanthropy history any more than Mother Teresa could use ... Read more...
Posted in Uncategorized |
New insider trading probe may help Rajat Gupta
April 20th, 2012 - 1:55 pm ICT by IANS
New York, April 20 (IANS) In a development that could bolster the defence of former Indian American Goldman Sachs director Rajat Gupta, US prosecutors have started a new insider trading ... Read more...
Posted in Uncategorized |
Rajat Gupta wins a key ruling, loses on wiretaps
March 28th, 2012 - 10:52 am ICT by IANS
New York, March 28 (IANS) Goldman Sachs Group's indicted former director Rajat Gupta has won a court order requiring prosecutors to share information that might help his case, but lost ... Read more...
Posted in Business |
Rajat Gupta faces more insider-trading charges
February 1st, 2012 - 8:30 pm ICT by IANS
New York, Feb 1 (IANS) US prosecutors have expanded their insider-trading case against Goldman Sachs Group's former Indian American director Rajat Gupta, charging him with passing tips to convicted hedge ... Read more...
Posted in Uncategorized |
Ex-Goldman Sachs director Gupta arrested, charged in insider trading case
October 26th, 2011 - 11:13 pm ICT by BNO News
NEW YORK (BNO NEWS) -- Former Goldman Sachs director Rajat Gupta was arrested by the Federal Bureau of Investigation (FBI) on Wednesday morning and indicted for allegedly engaging in an insider trading ... Read more...
Posted in Business |
Ring worth $500,000 recovered from sunken ship
June 26th, 2011 - 12:46 pm ICT by IANS
Miami, June 26 (IANS/EFE) An emerald set in a gold ring that was part of the treasure of a 17th-century Spanish ship has been found off the Florida coast, officials ... Read more...
Posted in World |
Indian-American hedge fund manager had at least 8 tipsters
June 15th, 2011 - 12:25 pm ICT by IANS
New York, June 15 (IANS) At least eight people provided Samir Barai, Indian American owner of Barai Capital Management, with non-public information about technology companies, a former company analyst has ... Read more...
Posted in Sci-Tech |
Rajat Gupta lived a double life: report
May 23rd, 2011 - 10:35 am ICT by IANS
Washington, May 23 (IANS) Rajat Gupta, a former Indian American managing director of the global consulting firm McKinsey & Co, accused by US regulators of inside trading "has lived a ... Read more...
Posted in Business |
Billionaire Raja Rajaratnam held guilty of fraud
May 11th, 2011 - 10:31 pm ICT by IANS
Washington, May 11 (IANS) Raj Rajaratnam, the billionaire investor who once ran one of the world's largest hedge funds, was Wednesday found guilty of fraud and conspiracy by a court ... Read more...
Posted in Business |
Rajaratnam jury replays wiretaps of Indian Americans
April 27th, 2011 - 11:15 am ICT by IANS
New York, April 27 (IANS) As they weigh the evidence against hedge fund tycoon Raj Rajaratnam in the biggest insider trading case in the US, jurors again listened to nine ... Read more...
Posted in Uncategorized |
Indian-American witness gave ‘bizarre’ testimony: Rajaratnam’s lawyer
April 22nd, 2011 - 11:21 am ICT by IANS
New York, April 22 (IANS) Lawyers of Raj Rajaratnam have dubbed the testimony of former Intel treasury official Rajiv Goel, who pleaded guilty to passing tips to the hedge fund ... Read more...
Posted in World |
Rajaratnam used Indian-American ‘corporate spies’: Prosecution
April 21st, 2011 - 12:26 pm ICT by IANS
New York, April 21 (IANS) Hedge fund tycoon Raj Rajaratnam set out "to conquer the stock market at the expense of the law" using what they called his "corporate spies" ... Read more...
Posted in Business |
Defence rests case against Indian-origin billionaire Raj Rajaratnam
April 19th, 2011 - 1:09 pm ICT by ANI
Washington, Apr 18 (ANI): 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, ... Read more...
Posted in World |
Rajaratnam’s lawyers rest case, prosecutors end with new wiretap
April 19th, 2011 - 11:16 am ICT by IANS
New York, April 19 (IANS) As hedge fund tycoon Raj Rajaratnam's lawyers rested their case with a finance professor's testimony that he did not trade on inside information, prosecutors played ... Read more...
Posted in World |
Rajaratnam character witness paid millions: Prosecution
April 15th, 2011 - 10:24 am ICT by IANS
New York, April 15 (IANS) Two character witnesses who came forward to testify that inside-trade charges against hedge fund tycoon Raj Rajaratnam are untrue may have been paid millions of ... Read more...
Posted in Business |
‘Superman’ comes to Rajaratnam’s rescue
April 14th, 2011 - 10:40 am ICT by IANS
New York, April 14 (IANS) A New York education advocate featured in an award-winning documentary "Waiting for Superman" has vouched for hedge fund tycoon Raj Rajaratnam embroiled in the biggest ... Read more...
Posted in Business |
Rajat Gupta asks US judge to hear his suit
April 13th, 2011 - 11:17 am ICT by IANS
New York, April 13 (IANS) Rajat Gupta, former Indian-American director of Goldman Sachs Group accused of giving inside information to hedge fund tycoon Raj Rajaratnam, has asked a federal judge ... Read more...
Posted in World |
UK tycoon Branson to explore ocean’s deepest parts
April 6th, 2011 - 2:08 pm ICT by ANI
London, Apr 6 (ANI): British business tycoon Sir Richard Branson has revealed plans to dive to the deepest parts of the world's oceans in a single-person submarine.The entrepreneur and explorer would ... Read more...
Posted in World |
Indian American tipsters helped Rajaratnam make millions: FBI
April 6th, 2011 - 12:59 pm ICT by IANS
New York, April 6 (IANS) A US Federal Bureau of Investigation (FBI) agent has testified how hedge fund tycoon Raj Rajaratnam made millions thanks to secret tips from company insiders ... Read more...
Posted in Business |