Monday, 27 February 2017
Last updated 2 days ago
Jun 18 2014 | 8:35am ET
Seven women and five men will decide whether Raj Rajartnam’s younger brother will join him—and every other person convicted in recent years of insider-trading at trial—in prison.
Rengan Rajaratnam’s trial formally opened with jury selection yesterday. Among those picked for the panel were a historian, a sanitation worker, a truck driver and a literary agent.
The younger Rajaratnam is accused of conspiring with his brother to trade shares of two technology stocks in 2008. The elder Rajaratnam, who founded Galleon Group, was convicted of insider trading three years ago and is serving an 11-year prison sentence.
Rengan Rajaratnam’s trial is expected to last two to three weeks, with opening statements today. He faces four counts of conspiracy and fraud—after prosecutors dropped three other counts before trial.