Rajaratnam's brother in plea talks over insider charges
   
Quotes

Rajaratnam's brother in plea talks over insider charges

Last Updated: Tuesday, June 4, 2013, 09:27
 
 Comment 0
 
Rajaratnam's brother in plea talks over insider charges
Zee Media Bureau

New Delhi: The younger brother of imprisoned hedge fund manager Raj Rajaratnam, is negotiating with prosecutors on a possible resolution to his criminal insider trading case, including a possible plea, a court filing shows.

Prosecutors had accused Rengan Rajaratnam of conspiring with his brother to trade illegally in the stocks of technology companies Advanced Micro Devices Inc. and Clearwire Corp. in 2008, resulting in USD 1.2 million of illegal profit.

Rengan Rajaratnam pleaded not guilty on March 25, entering his plea after voluntarily returning to the United States from Brazil, where he had lived and worked for the prior year.

U.S. District Judge Naomi Reice Buchwald in Manhattan agreed to delay a scheduled conference to July 30 from June 4, which federal prosecutors in a May 30 letter said would "permit the defendant and the government to continue discussions that may lead to the resolution of this case before trial."

With Agency Inputs



First Published: Tuesday, June 4, 2013, 09:27


Comments


comments powered by Disqus
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3
Indian Billionaire Daughters
Indian Billionaire Daughters
TOP 5  happy cities of India
TOP 5 happy cities of India
Forbes Top 10 Billionaires 2015
Forbes Top 10 Billionaires 2015

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved