Devyani’s US attorney behind high-profile busts

Preet Bharara, the New York US attorney whose team will be prosecuting diplomat Devyani Khorpagde’s arrest, has been behind most high-profile Wall Street busts in recent years.

Preet Bharara, the New York US attorney whose team will be prosecuting diplomat Devyani Khorpagde’s arrest, has been behind most high-profile Wall Street busts in recent years.

His biggest catch yet — Steven Cohen’s SAC Capital Advisors — came last month in November, netting a record fine of $1.8 billion for the US treasury.

But the Indian-born prosecutor’s first big league insider trading case was the ring led by Sri Lankan born Raj Rajaratnam, also ensnaring former McKinsey boss Rajat Gupta. Now Khorpagde, for alleged visa fraud in a domestic help case. Bharara, 45, is widely considered headed for high office, much like the other Indian American rising star in the US legal system, recently appointed DC circuit judge Sri Srinivasan.

A few weeks ago, he had charged 49 Russian diplomats for attempting underpaying welfare benefits.

Bharara was appointed US attorney for New York’s southern district, a high-profile responsibility with jurisdiction over the Wall Street, by President Barack Obama in 2010.