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US wants Rajat Gupta insider trading jury to hear Rajaratnam calls

IBN – Prosecutors want the jury in May’s insider trading trial of former Goldman Sachs director Rajat Gupta to hear three secretly-recorded phone conversations of Galleon Group hedge fund founder Raj Rajaratnam as evidence of the purported conspiracy between them.

In a pre-trial filing in Manhattan federal court on Monday night, the government said two of Rajaratnam’s conversations with his principal trader and another with Galleon’s then portfolio manager showed Gupta leaked Goldman board secrets at the height of the financial crisis in 2008. The calls were recorded by the Federal Bureau of Investigation.

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