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FBN's Charlie Gasparino breaks down further details in the Raj Rajaratnam case.
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-- may be convicted insider trading kingpin.
Raj Rajaratnam.
Should follow the example of a lesser known figure in the case and fled the country rather than face years behind bars -- aspirin has exclusive details on unknown fugitive government's massive crackdown on -- side they have -- To question -- -- you know who's now general battle that's -- very.
Is name is deep shock he was a Moody's analysts he passed on a tip.
To the mean -- to cooperate -- in the Raj Rajaratnam case a woman named roomy Khan.
About the -- patent pending merger of us -- me acquisition of the Hilton Hotels by Blackstone Group.
Out roomy Khan then turned around percent to two Rogers is one of the main sort of examples or.
Or pieces of evidence indicates -- -- right -- here's what we know he was both criminally civilly charged by the SEC for this action obviously fired from -- Fled the country went back to India.
Okay nowhere to be found they can extradite him they're not trying to extradite him.
He is the loan fugitive in this case now why is this interest and that a lot of people for a lot of inclusive of all I did a lot of people including barrage Roger autumn.
-- yeah he is gone -- publicly say listen if I thought I was guilty sort of fighting this out I could've went to India pushed him what to my native -- Sri lankans.
And because we they have similar extradition treaties pretty weak you know I'm -- -- -- -- government generally does not extradite people from these types of civil fraud cases I couldn't escape.
And so what a lot of people are saying now is that they should afford whatever -- a good idea he -- -- the chart the they can be an example of of this sort of very lesser known figure but important in the context of a -- of how about Rogers actually caught the end.
And your father's example and left the country he's now as you know Raj Rajaratnam is facing.
So -- ten years to eleven years in jail deep job would have probably face -- like five years in jail -- pretty clear that.
What he did I was violated insider trading statutes -- we are right now it's kind of -- now why.
Did he do this -- Roger would say in the east publicly save the said this.
-- do because -- believe in my instance I want to fight out court chose to point out that the FBI.
The and the Justice Department we're very scared about him in it at Bagram about Raj leaving the country day you know -- -- -- -- Along the lines that he might go and that's why they sort of -- these these sort of been an impromptu way they had -- case against him but impromptu way.
They went out and they arrested him immediately in 2009.
And he he's been essentially you know behind bars or in custody or you know remanded to home detention -- response.
So it's interesting thing when you do have these foreign nationals when you rest -- clearly if you follow the example of deep shock which grew up in the -- Russia done that this guy.
Is -- is in India.
They are never gonna get and -- he's potentially home free he's home free the Justice Department we've got calls both to the Justice Department and the SEC.
I guess this would be the Justice Department it takes the lead on this.
They have no comment but we do hear from sources close the Justice Department that they have given up they are not going to try to extradite this guy anymore than maybe.
They'll call the local magistrate in India where -- is I think he's -- Mumbai and say can you bring them back and they will say.
Ha ha that the request the head Peter with the out -- Baylor received about three imminently arrested.
I mean he was indicted -- along with 26 other people and one of them you know the -- massive you know sort of indictment -- that they had.
But he's.
You know.
Listen and EO we stand a chance with one of these guys the question is would they've tried even harder to indict Roger -- Is a -- -- major figure he was encountered in this case.
I think it would try harder but I'll tell ya I don't think when you.
Oldest you're facing five years I mean fighters is not -- the other I national I don't think I can go that really does -- -- -- -- -- -- all -- -- -- I -- people that.
That -- bolted for Italy where you know there's there's there's stronger extradition treaties and they they came back and -- went to jail there.
You know I don't know I mean you just talk about Dan Moore does not place I ever -- -- Yeah that's that's not my in my area highways for the five years or rather faulting Wright makes I think you know you don't you don't indeed just just say you know I would probably.
Not commit insider trading for.
-- obviously FFI is anybody going down the path of you know it's only five year is in the years from the rest well life from the Ron -- Singtel I.
I couldn't we we -- would have -- We should point out that five years in a federal penitentiary is is it isn't isn't different than five years in this the New York State or a bit about estate and so those are those of that's really hard time.
It was an interest in about Dennis Kozlowski as opposed to some somebody who brought fresh -- right.
Dennis Kozlowski was put I believe enough in in a place like animal or he's put in -- in a state penitentiary that is hard time.
Raj is in view there right North Carolina that is a -- a -- presenting -- Madoff -- it's no I'm not quite.
You know there's -- -- cut what Lincoln rocks at a club fed because fed thank you step quite that but it's not know breaking rocks in -- part -- Desperate about eleven unprecedented close -- on him and -- -- -- did you turabi.
I think chat on the -- -- a fight their way.
