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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note