Raj Rajaratnam. #UNBOUND. The complete forty-minute interview. December 17, 2021.

Jan 10, 12:04 AM

Photo:  A prospectus from the US


CBS Eye on the World with John Batchelor
CBS Audio Network
@Batchelorshow

Raj Rajaratnam. #UNBOUND. The complete forty-minute interview. December 17, 2021.

A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives.

 Uneven Justice: The Plot to Sink Galleon, by Raj Rajaratnam  Hardcover – December 14, 2021 

Raj Rajaratnam, the respected founder of the iconic hedge fund Galleon Group, which managed $7 billion and employed 180 people in its heyday, chose to go to trial rather than concede to a false narrative concocted by ambitious prosecutors looking for a scapegoat for the 2008 financial crisis. Naively, perhaps, Rajaratnam had expected to get a fair hearing in court. As an immigrant who had achieved tremendous success in his adopted country, he trusted the system. He had not anticipated prosecutorial overreach—inspired by political ambition—FBI fabrications, judicial compliance, and lies told under oath by cooperating witnesses. In the end, Rajaratnam was convicted and sentenced to eleven years in prison. He served seven and a half.

Meanwhile, not a single senior bank executive responsible for the financial crisis was even charged.

Uneven Justice is the story of his bewildering and confounding prosecution by forces who, quite frankly, were looking for bigger game. When Rajaratnam refused to support the narrative that would make that happen, he and the Galleon Group became collateral damage.

A cautionary tale with implications for us all, Uneven Justice is both a riveting page-turner and an eye-opening lesson in the vagaries of justice when an unscrupulous prosecutor is calling the shots.