Rogue trader Raj Rajaratnam jailed for 11 years in US
A former hedge-fund manager has been sentenced to 11 years in jail and fined $10m (£6.4m) for one of the biggest insider trading cases in US history.
Galleon Group founder Raj Rajaratnam, 54, made well over $50m from illegal trades, said the judge at the Manhattan federal court.
Sri Lankan-born Rajaratnam was convicted of 14 counts of securities fraud and conspiracy charges in May after a two-month trial.
Michelle Fleury reports.
13 Oct 2011
- From the section Business