US federal investigators are gearing up to file charges against an array of insider-trading networks, some linked to the criminal case against billionaire hedge-fund manager and founder of Galleon Group Raj Rajaratnam who was arrested on Friday, reports Bloomberg. Meanwhile, the FT reports that the Sri Lankan government claimed on Sunday that Rajaratnam was funding the Tamil Tigers, considered a terrorist group by the US.

This entry was posted by Gwen Robinson on Monday, October 19th, 2009 at 4:57 and is filed under Capital markets, Hedge funds, People. Tagged with Galleon, Raj rajaratnam. Edit this entry.