It was alleged that a group of financiers provided finance to key operators towards making multiple applications in the IPOs and cornered a large number of shares reserved for retail individual investors (RIIs) and following the receipt of IPO allotment, the shares were transferred by the allottees to the key operators through an off-market transaction
New York, Jun 15: Rajat Gupta, one of the most successful Indian Americans on the Wall Street, was today found guilty of passing confidential market information to Galleon hedge fund founder Raj Rajaratnam, in one
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