The six men accused of conspiring, using information from companies whose shares are traded, as well as analysts from the companies that have financial data company. Rajaratnam worked as an investment director at the Galleon Group, an investment fund management company with managed assets worth $ 7 billion U.S. dollars. Which he managed the company reap big profits and make Rajaratnam admired as a strategic investment.
Joseph Demarest, Jr., head of the FBI New York branch, said, "Clearly, the benefits Galleon Group is not obtained from investing acumen, but at the expense of public funds, which helped make buying and selling actions of market shares." This, among others, made by selling shares at a company known to be losers. On the other hand, the advantage gained by buying shares of the company, which is known to achieve a profit.
The condition of the company was known by Rajaratnam because he got information from someone inside. Shares of companies that participated played a Hilton property, Google. The people involved include staff games Moody's Investor Services, IBM. "He's not the master of investment. He was a master of deception, "said Robert Khuzami, Director of Legal Affairs of the U.S. Stock Exchange.
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