Rajaratnam Jurors Ask To Hear New Wiretaps

May 5 2011 | 11:18am ET

The newly-reconstituted jury in the Raj Rajaratnam case began anew yesterday in much that same way the jury began last week: with the wiretaps.

The jurors, who were forced to restart deliberations yesterday after U.S. District Judge Richard Holwell dismissed a juror for medical reasons and empanelled an alternative, asked to hear a dozen of the 45 wiretaps played during the case, including three it had not previously sought to rehear.

Two of the tapes features government star witness Anil Kumar, a former McKinsey & Co. partner. In one, Kumar told Rajaratnam about "massive layoffs" coming at eBay Inc. in 2008. In the other, Kumar and the Galleon Group founder discuss conversations he had with another McKinsey employee.

"Let's ask him to be a little discreet about these types of things," Kumar told Rajaratnam and Rengan Rajaratnam, who worked at Galleon. "This completely unnerved David, you know, I don't think other guys can handle this."

"I love that they're listening to these calls," prosecutor Reed Brodsky told Holwell yesterday. "Some of these calls are fantastic for the government."

But the judge and assistant U.S. attorney were at odds again yesterday, when Brodsky took the opportunity provided by a jury restart to ask Holwell to provide transcripts of the calls to the jury. Holwell again refused, as the transcripts were never entered into evidence.

Rajaratnam wasn't in court again yesterday, after having had emergency foot surgery on Sunday. If convicted, he faces decades in prison.

Holwell also yesterday set a sentencing date for Rajaratnam's former co-defendant, Danielle Chiesi. Chiesi, a former executive at hedge fund New Castle Partners, pleaded guilty just weeks before the trial began in March, but did not testify in the case against Rajaratnam.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.