SRI LANKA BORN BILLIONAIRE RAJA RATNAM ARRESTED BY FBI CHARGED WITH CRIMINAL OFFENSES OF INSIDER TRADING
Friday, October 16th, 2009By Walter Jayawardhana
The founder of Galleon Group Hedge Fund , Sri Lanka born Raja Rajaratnam was arrested charged with criminal offences of Insider trading securities frauds.
Galleon is a major hedge fund player known for its investments in technology stocks.
The FBI said Rajaratnam was charged with four counts of conspiracy and eight counts of securities fraud. [...]