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Rajaratnam's brother loses bid to dismiss insider trading charges NEW YORK: Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year.US District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged.Buchwald agreed that two securities fraud counts were "internally inconsistent" with a conspiracy charge contained in the indictment.But she withheld ruling on whether to dismiss them in order to allow the government to decide whether to proceed on those charges.A lawyer for Rajaratnam did not respond to a request for comment. A spokeswoman for Manhattan US Attorney Preet Bharara declined to comment.The case, set for a June 17 trial, is one of a wave of insider trading prosecutions pursued by Bharara's office, resulting in 80 convictions since October 2009.Raj Rajaratnam, founder of the hedge fund Galleon Group, received an ...

Iran says settlement on New York skyscraper 'illegal' TEHRAN: Iran's Foreign Ministry dismissed as "illegal" plans by US prosecutors to sell an Iran-linked Manhattan skyscraper in the largest terror-related seizure to date, media reports said Saturday.Ministry spokeswoman Marzieh Afkham said in a statement late Friday the settlement lacked "legal credibility" and was influenced by "anti-Iran political propaganda," according to the reports in Iranian media.The settlement was unveiled on Thursday and has been approved by a federal judge.Its main target is a 36-storey building ...
South Korea ferry captain arrested, divers spot bodies JINDO: Investigators on Saturday arrested the captain accused of abandoning the South Korean ferry that capsized three days ago with 476 people on board, as divers finally accessed the submerged vessel and spotted bodies inside.Lee Joon-Seok and two of his crew were taken into police custody in the early hours of the morning, charged with negligence and failing to secure the safety of passengers in violation of maritime law.The 69-year-old captain has been severely criticised ...
William and Kate hit the beach on Sydney visit SYDNEY: Britain's Prince William and his wife Kate got to grips with Australia's beach and bush lifestyles on Friday, watching a life-saving display and a sheep-shearing demonstration as part of their tour Down Under with baby son George.The young royals have received a warm welcome in Sydney, the first stop of their 10-day Australian tour, with thousands flocking to their official reception at the Sydney Opera House on Wednesday.Thousands more craned for a glimpse of ...
Third officer, not captain, at helm when South Korean ferry capsized: investigator SEOUL: The third officer was at the helm of a South Korean ferry when it capsized on Wednesday with 475 people on board, an investigating prosecutor told a news conference on Friday, and the captain may not even have been on the bridge at the time."He may have been off the bridge ... and the person at the helm at the time was the third officer," the investigator said.Copyright Reuters, 2014 ...
Six killed in Everest avalanche: mountaineering official KATHMANDU: At least six climbers have been killed after an avalanche struck Mount Everest early Friday, the president of the Nepal Mountaineering Association told AFP."Rescuers have already retrieved four bodies and they are now trying to pull out two more bodies that are buried under snow," Ang Tshering Sherpa said.Copyright AFP (Agence France-Presse), 2014 ...
Heartbreaking texts from students on sinking South Korea ferry SEOUL: Heart-wrenching messages of fear, love and despair, sent by high school students from a sinking South Korean ferry added extra emotional weight Thursday to a tragedy that has stunned the entire nation.Nearly 300 people -- most of them students on a high school trip to a holiday island -- are still missing after the ferry capsized and sank on Wednesday morning."Sending this in case I may not be able to say this again. Mom, ...

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Annual2012/13
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