Rajaratnam Jurors Hear Tapes As Deliberations Continue

Apr 27 2011 | 12:54pm ET

The jurors in the Raj Rajaratnam insider-trading trial spent much of their second day of deliberations listening to the wiretaps at the heart of the government's case against the Galleon Group founder.

The 12 jurors and two alternates adjourned yesterday after seven-and-a-half hours of deliberations without a verdict. They returned to court today to continue considering Rajaratnam's fate.

Jurors asked yesterday to hear nine taped phone calls, including those featuring star prosecution witnesses Anil Kumar and Rajiv Goel, who claimed to have passed confidential tips to Rajaratnam, and Rajaratnam's brother, Rengan. They also heard a tape of Rajaratnam talking to PeopleSupport director Krish Panu. Neither Panu nor Rajaratnam's brother have been accused of any wrongdoing.

The tapes were played for jurors, who aren't permitted to consult the transcripts of the calls, just before lunch, taking about an hour.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of