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Indian FTrash Sold Out Indian FTrash!

makapaaa

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Peesai is heading for disaster just cos one Lau CB has developed a fetish for these double-headed snakes!

Galleon Insider-Trading Informant May Be Roomy Khan, WSJ Says


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By Jeran Wittenstein and Malcolm Scott
Oct. 22 (Bloomberg) -- The insider-trading case against Galleon Group co-founder Raj Rajaratnam was sparked by information from Roomy Khan, the Wall Street Journal reported, citing unidentified people familiar with the situation.
Identified by a Securities and Exchange Commission complaint as “Tipper A,” the hedge-fund manager who worked for Galleon in the 1990s sought to rejoin Rajaratnam in late 2005 when facing financial difficulties, according to the complaint, the Journal said yesterday. Khan didn’t respond to requests for comment, it said. She couldn’t be located by Bloomberg News.
Rajaratnam, charged last week by federal prosecutors with insider trading, yesterday said he will liquidate his hedge funds, which managed about $3.7 billion. The billionaire also said he is innocent of the charges. New York-based Galleon has been approached by parties interested in buying the company and some of its assets, according to a person familiar with the firm.
The complaint against Rajaratnam alleges he asked the informant, identified by prosecutors as “CW” for cooperating witness, if she had inside information about any public companies, the Journal reported. Khan said she could get access to information on Polycom Inc., and the two traded shares of Polycom many times, as well as shares of two other companies where the informant got inside information, the newspaper said.
Past Complaints
SEC spokesman Kevin Callahan declined to comment to Bloomberg News. A Galleon spokesman declined to comment, as did a spokeswoman for the U.S. attorney’s office in Manhattan, the Journal said.
In a lawsuit settled last month, a housekeeper for Khan and her husband said they had violated minimum wage laws, the New York Times reported yesterday. The lawsuit was settled after a judge said the Khans had fabricated evidence, the newspaper said. Khan and her husband were also sued in 2005 in New York by Deutsche Bank for failing to repay a promissory note, it said.
A key tip in the Rajaratnam case started with a junior analyst at Moody’s Investors Service, the Wall Street Journal reported in a separate story.
The former analyst, Deep Shah, denied that he passed on any confidential information about Blackstone Group’s takeover of Hilton Hotels, which was cited in the Justice Department’s complaint, in exchange for money, the Journal said.
To contact the reporter on this story: Jeran Wittenstein at [email protected]
Last Updated: October 21, 2009 23:42 EDT
 

halsey02

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In SINgapore there are no INSIDER trading , for every investments are traded from the INSIDE...:p
 
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