Raj Rajaratnam brother charged with insider trading

Raj Rajaratnam’s younger brother was indicted on charges of conspiring in the insider-trading scheme for which the founder of the Galleon Group hedge fund was convicted nearly two years ago, US prosecutors announced.

Prosecutors said Rengan Rajaratnam, 42, conspired with his older brother to trade on non-public information concerning Clearwire and Advanced Micro Devices in 2008.

via Business feed http://www.scmp.com/business/banking-finance/article/1197027/raj-rajaratnam-brother-charged-insider-trading