So this week Anil Kumar testified in the "Galleon Insider Trading Case". Kumar, a former financial consultant has already plead guilty to securities charges and is cooperating with the Prosecution.
In his testimony Kumar stated that he provided "hot " insider info to Rajaratnam on the ATI Technologies Inc merger, and that Raj paid him a million. Probably cash. If proved , that testimony alone will be sufficent to convict the former hedge fund magnate. We shall see how Kumar survives cross-examination!
Stay tuned!
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