Indian-American law student sues Preet Bharara
July 26th, 2012 - 12:58 pm ICT by IANS
New York, July 26 (IANS) A second-year Indian-American law student has filed a lawsuit against Manhattan's famed Indian-American US district attorney Preet Bharara and the US Marshals Service for seizing ... Read more...
Posted in World |
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’s fall ‘from lofty board room to lowly jail cell’
June 16th, 2012 - 1:04 am ICT by IANS
New York, June 15 (IANS) The conviction Friday of the one-time poster boy of Indian business in America, Rajat Gupta, on charges of securities fraud marks yet another phase in ... 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 plea on wiretaps declined
June 12th, 2012 - 11:04 am ICT by IANS
New York, June 12 (IANS) A US judge trying Goldman Sachs Group's former Indian-American director Rajat Gupta for insider trading has tentatively ruled against allowing wiretaps that suggest another Goldman ... 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 |
Hosni Mubarak’s health is deteriorating
June 6th, 2012 - 7:20 pm ICT by Aishwarya Bhatt
Cairo, June 6 (THAINDIAN NEWS) The health of former Egyptian president Hosni Mubarak has declined since he received a life sentence from Egypts’ courts, according to security officials at Torah prison in ... Read more...
Posted in Politics |
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 |
US judge to rule on evidence about Reliance at Gupta trial
May 30th, 2012 - 10:28 am ICT by IANS
New York, May 30 (IANS) A US judge trying Rajat Gupta, former Indian-American chief executive of McKinsey & Co, is yet to decide whether an e-mail relating to Reliance ... 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 |
Indian American manager pleads guilty to insider trading
May 22nd, 2012 - 11:48 pm ICT by IANS
Washington, May 22 (IANS) A former executive at Yahoo! and a former Indian-American mutual fund manager have pleaded guilty to fraud and insider trading charges relating to deals between Yahoo and ... Read more...
Posted in World |
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 |
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 |
Wall Street Sheriff Preet Bharara on Time cover
February 3rd, 2012 - 7:32 pm ICT by IANS
Washington, Feb 3 (IANS) Indian-American attorney Preet Bharara, nicknamed the Sheriff of Wall Street for prosecuting the likes of Rajat Gupta, the poster boy of Indian business in America, has ... Read more...
Posted in World |
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 |
Megaupload founder Kim Dotcom denied bail
January 25th, 2012 - 10:57 pm ICT by Aishwarya Bhatt
Wellington, Jan 25 (THAINDIAN NEWS) Megaupload founder Kim Dotcom has been kept in custody ahead of a possible extradition to the United States. US officials have launched a heavy clamp down on ... Read more...
Posted in Technology Industry News |
Jaiprakash chief to challenge insider trading penalty
January 7th, 2012 - 1:33 pm ICT by IANS
New Delhi, Jan 7 (IANS) Jaiprahash Associates chairman Manoj Gaur has decided to move the Securities Appellate Tribunal and challenge the penalty imposed on him and some family members on ... Read more...
Posted in Uncategorized |
India’s cabinet approves revised Companies Bill
November 24th, 2011 - 10:51 pm ICT by IANS
New Delhi, Nov 24 (IANS) The Indian cabinet Thursday approved a revised Companies Bill to replace the 55-year-old old legislation that seeks to tighten norms on insider trading, prevent ... Read more...
Posted in Business |
Rajaratnam ordered to pay $92.8 million in a civil case
November 9th, 2011 - 12:01 pm ICT by IANS
New York, Nov 9 (IANS) After getting the longest prison sentence ever for insider trading, hedge fund tycoon Raj Rajaratnam has been ordered to pay a record $92.8 million penalty ... Read more...
Posted in Business |
Rajat Gupta’s trial set for April 9
October 27th, 2011 - 11:37 am ICT by IANS
New York, Oct 27 (IANS) A New York court has set April 9 as the tentative date for the trial of Rajat Gupta, former Indian American director of Goldman Sachs ... Read more...
Posted in Business |
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 |
Rajat Gupta indicted in insider trading case
October 26th, 2011 - 11:08 pm ICT by IANS
New York, Oct 26 (IANS) Rajat Gupta, a former Indian-American Goldman Sachs director, was indicted for securities fraud by a US federal court shortly after he surrendered to authorities Wednesday ... Read more...
Posted in Business |
Pressed to ‘wear a wire’ to trap Rajat Gupta: Raj Rajaratnam
October 25th, 2011 - 2:10 pm ICT by IANS
Washington, Oct 25 (IANS) Convicted hedge fund tycoon Raj Rajaratnam claims US prosecutors pressed him to "wear a wire" and record conversations with his Indian-American friend Rajat Gupta, Goldman Sachs ... Read more...
Posted in Business |
Indian-American’s tipster convicted of insider trading
June 21st, 2011 - 10:56 am ICT by IANS
New York, June 21 (IANS) A former expert-network consultant, who allegedly leaked information to an Indian-American hedge fund manager, has been found guilty of insider trading.The conviction of Winfred Jiau ... Read more...
Posted in Uncategorized |
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 |
Insider ‘cooks’ gave Indian-American ‘recipes’ for ’sugar’
June 14th, 2011 - 12:36 pm ICT by IANS
New York, June 14 (IANS) An informer who provided tips to an Indian American founder of a hedge fund referred to her sources of insider trading as "cooks," inside information ... Read more...
Posted in Business |