Galleon chief Rajaratnam, others charged in insider case

Galleon Group founder Raj Rajaratnam and five others have been charged in a $20m (€13.4m) insider-trading case, prosecutors said.

According to court documents, Rajaratnam, the founder of the $7bn Galleon Group and portfolio manager for the Galleon Technology Funds, has been charged with four counts of conspiracy and eight counts of securities fraud.

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