Thursday, 29 January 2015
Last updated 10 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…