A US federal grand jury on Tuesday returned indictments against Raj Rajaratnam, billionaire founder of Galleon hedge fund, and Danielle Chiesi, a former Bear Stearns employee, in an insider trading case that has ensnared top executives across the US. The formal charges against the two come nearly two months after US prosecutors accused them and four others of participating in an insider trading scheme involving shares in IBM, Google, Hilton and AMD, among others. More detail and background here, at FT Alphaville.

This entry was posted by Gwen Robinson on Wednesday, December 16th, 2009 at 5:02 and is featured in The 6am Cut London (16 Dec 2009) . Tagged with Galleon, Raj rajaratnam. Edit this entry.