Rajaratnam jury hears wiretaps of ex-Goldman director

[PoliticAverse]

Source: Reuters

NEW YORK (Reuters) - Hedge fund manager Raj Rajaratnam was told in mid-2008 of boardroom talks at Goldman Sachs about whether takeovers of Wachovia Corp or AIG made sense, jurors heard at his criminal trial.

Prosecutors in the high-profile insider trading trial in New York played a secretly recorded telephone call between Rajaratnam and Rajat Gupta, a Goldman director at the time who is accused by regulators of leaking inside information.

Rajaratnam is on trial for alleged insider trading involving Goldman and many other stocks.


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