Advertisement

HindustanTimes Fri,22 Aug 2014

India-born US lawyer Bharara adds another conviction to his record of 78

PTI  New York, February 07, 2014
First Published: 16:33 IST(7/2/2014) | Last Updated: 17:26 IST(7/2/2014)

India-born federal prosecutor Preet Bharara, who was at the centre of a raging controversy with his overzealous approach in the Devyani Khobragade case, has added another victory to his unbroken record of securing 78 convictions with the scalp of Indian-origin portfolio manager Mathew Martoma.

Advertisement

Martoma, 39, was found guilty by a federal jury yesterday for his participation in the most lucrative insider trading scheme in US history involving USD 275 million involving information about clinical trials for an Alzheimer's drug.

Bharara and his office was in the limelight in December with the arrest of 39-year-old Khobragade, deputy  consul general of India in New York, in an alleged visa fraud case which had led to an uproar in India over the treatment meted out to her.

Bharara has so far had a perfect score, securing guilty pleas or conviction for all the 79 insider trading cases prosecuted during his tenure as US attorney for the Southern district of New York.

The son of immigrant parents from India, Martoma is the 79th person convicted on charges of insider trading brought by Bharara's office.

Fifty-eight of the 79 individuals have been sentenced, including prominent Wall Street executives like ex-Goldman director Rajat Gupta and billionaire hedge fund founder Raj Rajaratnam. Ten other cases are still pending.


 


 


 

comment Note: By posting your comments here you agree to the terms and conditions of www.hindustantimes.com
blog comments powered by Disqus

Advertisement
more from Chandigarh

Foot-in-mouth disease among humans

The foot-and-mouth disease afflicts cows, buffaloes and sheep and causes them to break out in acute fever and blisters and could be fatal. Whereas the foot-in-mouth disease is known to attack us humans as we often shoot off our mouths, resulting in embarrassment. One may think that the tendency to say the wrong thing, at the wrong time, takes some doing, but actually it is a common malady and afflicts us all, at some time or the other. Writes Pallavi Singh.
Advertisement

 
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved