09 Mar '11, 8pm

Wall Street insider trading trial to hear first arguments: NEW YORK: Opening arguments were to be heard on Wedne...

Wall Street insider trading trial to hear first arguments: NEW YORK: Opening arguments were to be heard on Wedne...

NEW YORK: Opening arguments were to be heard on Wednesday in the trial of ex-hedge fund tycoon Raj Rajaratnam, charged with insider trading, in a case which may prove a prime example of Wall Street corruption and greed. Sri Lankan-born Rajaratnam, 53, used insider information at his Galleon Group fund to pocket at least $45 million, prosecutors alleged after an investigation making extensive use of wiretaps. Rajaratnam, who is free on $100 million bail, says he is not guilty. Jury selection was completed on Wednesday, officials close to the trial said, and the opening arguments were now due to start later in the day. At Tuesday's opening of the hearing in a New York federal court, Rajaratnam had remained silent, standing to turn and nod as he was introduced to the pool of more than 100 potential jurors. Media reports say Rajaratnam could take the highly unusual move of tes...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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Ex-WBL exec loses insider trading appeal

straitstimes.com 01 Mar '11, 1pm

THE Appeals Court has upheld a ruling against former WBL Corp top executive Kevin Lew who had earlier been found to have e...

France's Chirac goes on trial for corruption - Straits Times

France's Chirac goes on trial for corruption - ...

straitstimes.com 07 Mar '11, 2am

Former French president Jacque Chirac (above) is France's first former head of state to go on trial over corruption stemmi...