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9 November 2011, Newsweek

India’s finance stars feel a chill

Manjeet Kripalani and Neelam Deo's peice on the potential trouble faced by South Asian executives after insider trading scandals in the United States was published in Newsweek.

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Newsweek has published Manjeet Kripalani and Neelam Deo’s peice on convicted inside trader Raj Rajaratnam and the accused Rajat Gupta.

When the news broke late last month that Rajat Gupta, one of the biggest business stars ever to emerge from India, had been charged with insider trading by the Manhattan district attorney, a wave of dismay passed through Indian and other South Asian communities worldwide. Another wave hit on Tuesday with the news that a federal judge had ordered Sri Lankan hedge-fund manager and convicted inside trader Raj Rajaratnam to pay a fine of $92.8 million, which accompanies his 11-year prison sentence and other financial penalties, now totaling $156.6 million.


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