Rajaratnam
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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.

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