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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note