‘Covert Investigations’ Ongoing In Galleon Case

Apr 29 2010 | 8:14pm ET

Twenty-one people have been charged in the Galleon Group insider-trading case. Two others may soon join them, according to a court decision this week.

“Covert investigations” of two people continue in the case, U.S. District Judge Richard Holwell wrote in a decision rejecting Galleon founder Raj Rajaratnam’s move to obtain unredacted interview transcripts with Roomy Khan, a former Galleon trader and a key witness for the prosecution.

The redacted sections of the Khan interviews include information “related to ongoing covert investigations involving two individuals occasionally mentioned in the Khan documents.” The identities of the two are unclear, as is whether there are other covert probes ongoing into others.

But one of the redacted names appears to have something to do with Akamai Technologies, one of the 22 companies Rajaratnam is alleged to have traded illegally. Akamai CEO Paul Sagan says that individual has left the company and “was not an executive,” Reuters reports.

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