International Schools of India
Posted by:
Anonymous User
()
Date: June 21, 2010 11:42AM
A 73-year-old owner of Kodaikanal Public School has been accused of sexually harassment by a 14-year-old student. The Std IX student lodged a complaint with the police on Saturday accusing M L Bright of sexually harassing her.
A Bhutanese girl was allegedly sexually abused by the staff of a private school at Kodaikanal, 60 km from Dindigul in Tamil Nadu, police said on Sunday.
The 14-year-old was staying along with 17 other girls at the house of M L Brite which was converted into a hostel, they said, adding the accused was absconding.
Police said the girl was hospitalised and her guardian had lodged a complaint with the Deputy Superintendent of Police.
What really happened?
The school,situated in Kodaikanal town in Dindigul district,was established in 1982 and is reputed to be one of the best co-educational institutions in the region.
On June 15,on hearing the childs complaint,father Charles Samraj,a CSI priest in Yercaud,and the girls guardian,demanded that the school issue a transfer certificate for his ward.
Samraj also took the girl to the Kodaikanal police to lodge a complaint.According to sources,the principal,known only as Bright,even on the website of the school,had mentioned fee concessions to 17 students,who had been provided with boarding facilities in his living quarters.
Bright was in the habit of asking the children to watch television in the late evenings.The girl complained that on June 13,the principal,who had come to the sick room in the absence of other staff,had allegedly touched her inappropriately,sub-inspector of police Catherine Mary told The Times Of India.
The police have registered a case against Bright under IPC sections 294 (
,(use of obscene language) and 354 (assault or criminal force to woman with intent to outrage her modesty) and section 4 of the Women Harassment Act.
Bright is absconding and the police are on the lookout for him.
The girl also complained that the principal had demanded Rs 40,000 for handing over the TC.
A case had been registered and efforts were on to trace the accused, they said.
Police said that the accused is absconding and a team has been set to arrest him.
Who is ML Brite?
Is he an Indian Citizen or a Foreigner. Is Child Molestors safe in Kodaikanal Schools. Is it why schools are eager to brign students from poor land locked countries like Bhutan or Nepal?
The 73-year-old correspondent of the reputed Kodaikanal Public School, M L Brite, is on the run, charged with the molestation of a Class IX student, who joined the residential school just over a month ago.
The 14-year-old, a girl of Bhutan, was sexually molested by the 73-year-old correspondent, says the complaint filed with the Kodaikanal police by the student's guardian.
Brite asked the girl to visit his room in her nightgown late in the night along with another girl on June 1. The other girl ignored the call but the new girl went ahead.
She was asked to serve coffee to Brite, who then allegedly misbehaved with her. When the girl refused to give in to his demands, Brite threatened her, using abusive language.
The frightened girl fell ill and she was admitted to hospital. The correspondent went to the hospital and when no one was around allegedly molested her. The girl called her guardian, who came and filed a police complaint on June 18.
The officer in charge of Kodaikanal Police Station told Express that preliminary investigations said that the educationist, running the school in the hill station for 27 years, had a history of harassing women, particularly teachers, for several decades, and at the Mother Teresa University, where he was a visiting lecturer. This was the first time a formal complaint had being lodged against him, the officer said.
How did a Buhtanese girls reach Kodaikanal
International Schools in Kodaikanal has foreign exchange students from Thailand, Bhutan, Nepal, etc etc. Why only from these countries.
Most of these schools are started by Missionaries before Indias independence. But what is going on these schools today is a mystery.
A Bhutanese girl was allegedly sexually abused by the staff of a private school at Kodaikanal, 60 km from Dindigul in Tamil Nadu, police said on Sunday.
The 14-year-old was staying along with 17 other girls at the house of M L Brite which was converted into a hostel, they said, adding the accused was absconding.
Police said the girl was hospitalised and her guardian had lodged a complaint with the Deputy Superintendent of Police.
What really happened?
The school,situated in Kodaikanal town in Dindigul district,was established in 1982 and is reputed to be one of the best co-educational institutions in the region.
On June 15,on hearing the childs complaint,father Charles Samraj,a CSI priest in Yercaud,and the girls guardian,demanded that the school issue a transfer certificate for his ward.
Samraj also took the girl to the Kodaikanal police to lodge a complaint.According to sources,the principal,known only as Bright,even on the website of the school,had mentioned fee concessions to 17 students,who had been provided with boarding facilities in his living quarters.
Bright was in the habit of asking the children to watch television in the late evenings.The girl complained that on June 13,the principal,who had come to the sick room in the absence of other staff,had allegedly touched her inappropriately,sub-inspector of police Catherine Mary told The Times Of India.
The police have registered a case against Bright under IPC sections 294 (
,(use of obscene language) and 354 (assault or criminal force to woman with intent to outrage her modesty) and section 4 of the Women Harassment Act.
Bright is absconding and the police are on the lookout for him.
The girl also complained that the principal had demanded Rs 40,000 for handing over the TC.
A case had been registered and efforts were on to trace the accused, they said.
Police said that the accused is absconding and a team has been set to arrest him.
Who is ML Brite?
Is he an Indian Citizen or a Foreigner. Is Child Molestors safe in Kodaikanal Schools. Is it why schools are eager to brign students from poor land locked countries like Bhutan or Nepal?
The 73-year-old correspondent of the reputed Kodaikanal Public School, M L Brite, is on the run, charged with the molestation of a Class IX student, who joined the residential school just over a month ago.
The 14-year-old, a girl of Bhutan, was sexually molested by the 73-year-old correspondent, says the complaint filed with the Kodaikanal police by the student's guardian.
Brite asked the girl to visit his room in her nightgown late in the night along with another girl on June 1. The other girl ignored the call but the new girl went ahead.
She was asked to serve coffee to Brite, who then allegedly misbehaved with her. When the girl refused to give in to his demands, Brite threatened her, using abusive language.
The frightened girl fell ill and she was admitted to hospital. The correspondent went to the hospital and when no one was around allegedly molested her. The girl called her guardian, who came and filed a police complaint on June 18.
The officer in charge of Kodaikanal Police Station told Express that preliminary investigations said that the educationist, running the school in the hill station for 27 years, had a history of harassing women, particularly teachers, for several decades, and at the Mother Teresa University, where he was a visiting lecturer. This was the first time a formal complaint had being lodged against him, the officer said.
How did a Buhtanese girls reach Kodaikanal
International Schools in Kodaikanal has foreign exchange students from Thailand, Bhutan, Nepal, etc etc. Why only from these countries.
Most of these schools are started by Missionaries before Indias independence. But what is going on these schools today is a mystery.
M L Bright M L Brite Kodaikanal molestation of 14 yeare child for Rs 500
Posted by:
Anonymous User
()
Date: June 25, 2010 03:24PM
This M L Bright is a sick pervert. A dump molestor.
Now M L Bright is trying to defend himself by saying this girl who is alleging the sexual assault is making it up to stay in the hostel.
When he applied for his anticipatory bail he made up a great story why he has the power to feel this 14 year girls genitals. Because she is staying in his house for free.
Because this girl was poor M L Bright gave her a subidized rate of Rs 500 per month to stay in the hostel. But she could not pay Rs 500 per month. So M L Brifht moved her to his house where she can stay for free. However this gives complete control over her to M L Brifht.
What a jerk.
We need to know how many young children in the past has been raped by this guy for Rs.500.???? How many kied suffered his ill rotten penis.
Do you want to know why M L Bright tried to sexually tooe adavantage of this girl???
Bright provides free hostel for poor girls. Since girls are poor and living at M L Bright's charity, he has the right to do what ever he wants with the girls. What a pervert???
Bright has applied for anticipatory bail at the Madras High court bench here. The hearing had been posted to June 30.
The girl, staying along with 17 other girls at the house of Bright, which was converted into a hostel, had accused him of sexually harassing her on June 3.
In his petition, Bright said the girl was paying Rs 500 per month as hostel fees but as she did not pay the amount for three months, she was accommodated in the'free hostel'.
FREE HOSTEL IS A COMFORT STATION
M L Bright has to answer few questions:
A teacher or a principal is supposed to know better than this. There are poor kids in the world. Help them if you can but do not sexually exploit them for few rupees. Because they are helpless in the society.
I hope police will check his computer and his belongings to find out any clues about his dark side.
This M L Bright is smart. He is the founder of the school, how ever he is afraid show his photo on the school website.
This guy seesm to have a double life. And that is why he is running a girls hostel from his home. He removed himself from the Pricnipal position, because he kwew he was doing illegal thinsg. He wanted to distance himself from the shcool.
Now M L Bright is trying to defend himself by saying this girl who is alleging the sexual assault is making it up to stay in the hostel.
When he applied for his anticipatory bail he made up a great story why he has the power to feel this 14 year girls genitals. Because she is staying in his house for free.
Because this girl was poor M L Bright gave her a subidized rate of Rs 500 per month to stay in the hostel. But she could not pay Rs 500 per month. So M L Brifht moved her to his house where she can stay for free. However this gives complete control over her to M L Brifht.
What a jerk.
We need to know how many young children in the past has been raped by this guy for Rs.500.???? How many kied suffered his ill rotten penis.
Do you want to know why M L Bright tried to sexually tooe adavantage of this girl???
Bright provides free hostel for poor girls. Since girls are poor and living at M L Bright's charity, he has the right to do what ever he wants with the girls. What a pervert???
Bright has applied for anticipatory bail at the Madras High court bench here. The hearing had been posted to June 30.
The girl, staying along with 17 other girls at the house of Bright, which was converted into a hostel, had accused him of sexually harassing her on June 3.
In his petition, Bright said the girl was paying Rs 500 per month as hostel fees but as she did not pay the amount for three months, she was accommodated in the'free hostel'.
FREE HOSTEL IS A COMFORT STATION
M L Bright has to answer few questions:
A teacher or a principal is supposed to know better than this. There are poor kids in the world. Help them if you can but do not sexually exploit them for few rupees. Because they are helpless in the society.
I hope police will check his computer and his belongings to find out any clues about his dark side.
This M L Bright is smart. He is the founder of the school, how ever he is afraid show his photo on the school website.
This guy seesm to have a double life. And that is why he is running a girls hostel from his home. He removed himself from the Pricnipal position, because he kwew he was doing illegal thinsg. He wanted to distance himself from the shcool.
Re: M L Bright M L Brite Kodaikanal molestation of 14 yeare child for Rs 500
Posted by:
It took a 14 year old girl to save a school in Kodaikanal from Sexual abuse.
()
Date: June 30, 2010 11:20AM
The school,situated in Kodaikanal town in Dindigul district,was established in 1982 and is reputed to be one of the best co-educational institutions in the region.
73-year-old M L Bright (principal of KPS) sexually molested her while she was recouping in the sick room on June 13.
Bright was in the habit of asking the children to watch television in the late evenings.The girl complained that on June 13,the principal,who had come to the sick room in the absence of other staff,had allegedly touched her inappropriately,sub-inspector of police Catherine Mary told The Times Of India.
Time line
June 1, 2010 -Brite asked the girl to visit his room in her nightgown late in the night along with another girl on June 1. The other girl ignored the call but the new girl went ahead. Because she was new and she really did not know. She thougth M L Bright wanted to disuss her stay at the hostel.
She was asked to serve coffee to Brite, who then allegedly misbehaved with her by putting his hand inside. When the girl refused to give in to his demands, Brite threatened her, using abusive language.
From June 2nd onwards, M L Bright made sure the girl is staying in his house because of his charity and he used foul language to scare her whenever possible.
June 12, 2010 - The frightened girl fell ill and she was admitted to hospital.
June 13, 2010 - The correspondent went to the hospital and when no one was around allegedly molested her.
June 14, 2010 - 14 year old girl finally complained to her Guardian- Charles Samraj
June 15, 2010 on hearing the childs complaint,father Charles Samraj,a CSI priest in Yercaud,and the girls guardian,demanded that the school issue a transfer certificate for his ward. M L Bright to keep the prey insede, demanded Rs 40,000 for handing over the TC.
June 18, 2010 - Samraj also took the girl to the Kodaikanal police to lodge a complaint.According to sources,the principal,known only as Bright,even on the website of the school,had mentioned fee concessions to 17 students,who had been provided with boarding facilities in his living quarters.
June 19 - M L Bright went missing. Police is spending money and time to search this perverst child molestor.
What questions need to be answered
The police have registered a case against Bright under IPC sections 294 (,(use of obscene language) and 354 (assault or criminal force to woman with intent to outrage her modesty) and section 4 of the Women Harassment Act.
The officer in charge of Kodaikanal Police Station told Express that preliminary investigations said that the educationist, running the school in the hill station for 27 years, had a history of harassing women, particularly teachers, for several decades, and at the Mother Teresa University, where he was a visiting lecturer. This was the first time a formal complaint had being lodged against him, the officer said.
The first thing we have to understand, this case came into limelight becuase the sub inspector who took the complaint a the police station was a lady - Catherine Mary
Why this M L Bright is going just by his first name ' Bright' even on his own School Website.
What happened between June 13 until June 18, when this case finally got into the police station.
What is M L Bright's fulle name. Why is he using only hie first name. Did he knew he will be caught one day and did he knew himself he is a pervert child molestor?
What is his role with the school - Principal, Secretary, correspondent. ?? There seems a coverup by the school.
Has police searched his computere to see what he is into? Is he part of something bigger?
How the school is going to pay for the expense of searching for him. This search costs time and money. M L Bright need to foot the bill.
73-year-old M L Bright (principal of KPS) sexually molested her while she was recouping in the sick room on June 13.
Bright was in the habit of asking the children to watch television in the late evenings.The girl complained that on June 13,the principal,who had come to the sick room in the absence of other staff,had allegedly touched her inappropriately,sub-inspector of police Catherine Mary told The Times Of India.
Time line
June 1, 2010 -Brite asked the girl to visit his room in her nightgown late in the night along with another girl on June 1. The other girl ignored the call but the new girl went ahead. Because she was new and she really did not know. She thougth M L Bright wanted to disuss her stay at the hostel.
She was asked to serve coffee to Brite, who then allegedly misbehaved with her by putting his hand inside. When the girl refused to give in to his demands, Brite threatened her, using abusive language.
From June 2nd onwards, M L Bright made sure the girl is staying in his house because of his charity and he used foul language to scare her whenever possible.
June 12, 2010 - The frightened girl fell ill and she was admitted to hospital.
June 13, 2010 - The correspondent went to the hospital and when no one was around allegedly molested her.
June 14, 2010 - 14 year old girl finally complained to her Guardian- Charles Samraj
June 15, 2010 on hearing the childs complaint,father Charles Samraj,a CSI priest in Yercaud,and the girls guardian,demanded that the school issue a transfer certificate for his ward. M L Bright to keep the prey insede, demanded Rs 40,000 for handing over the TC.
June 18, 2010 - Samraj also took the girl to the Kodaikanal police to lodge a complaint.According to sources,the principal,known only as Bright,even on the website of the school,had mentioned fee concessions to 17 students,who had been provided with boarding facilities in his living quarters.
June 19 - M L Bright went missing. Police is spending money and time to search this perverst child molestor.
What questions need to be answered
The police have registered a case against Bright under IPC sections 294 (
,(use of obscene language) and 354 (assault or criminal force to woman with intent to outrage her modesty) and section 4 of the Women Harassment Act.
The officer in charge of Kodaikanal Police Station told Express that preliminary investigations said that the educationist, running the school in the hill station for 27 years, had a history of harassing women, particularly teachers, for several decades, and at the Mother Teresa University, where he was a visiting lecturer. This was the first time a formal complaint had being lodged against him, the officer said.
The first thing we have to understand, this case came into limelight becuase the sub inspector who took the complaint a the police station was a lady - Catherine Mary
Why this M L Bright is going just by his first name ' Bright' even on his own School Website.
What happened between June 13 until June 18, when this case finally got into the police station.
What is M L Bright's fulle name. Why is he using only hie first name. Did he knew he will be caught one day and did he knew himself he is a pervert child molestor?
What is his role with the school - Principal, Secretary, correspondent. ?? There seems a coverup by the school.
Has police searched his computere to see what he is into? Is he part of something bigger?
How the school is going to pay for the expense of searching for him. This search costs time and money. M L Bright need to foot the bill.
Re: M L Bright M L Brite Kodaikanal molestation of 14 yeare child for Rs 500
Posted by:
M L Bright M L Brite molestation BAIL
()
Date: June 30, 2010 11:23AM
Madurai, Jun 30 The anticipatory bail plea of an administrator of a school in Kodaikanal, facing charges of sexually harassing a Bhutanese girl, has been posted to July five.
The Government pleader sought time for filing the case diary when the bail application of M L Bright, the 76-year-old administrator of the school in the hill resort town of Kodaikanal, 60 km from here, came up before the Madurai Bench of the Madras High Court today.
Justice R Mala then posted the case for Monday.
Cases were registered against Bright under Sec 354 (outraging modesty of woman by assaulting or using criminal force) and Sec 4 of Tamil Nadu Prohibition of Harassment of Women Act 1998, on a complaint filed by the guardian of the 14-year-old victim.
The Government pleader sought time for filing the case diary when the bail application of M L Bright, the 76-year-old administrator of the school in the hill resort town of Kodaikanal, 60 km from here, came up before the Madurai Bench of the Madras High Court today.
Justice R Mala then posted the case for Monday.
Cases were registered against Bright under Sec 354 (outraging modesty of woman by assaulting or using criminal force) and Sec 4 of Tamil Nadu Prohibition of Harassment of Women Act 1998, on a complaint filed by the guardian of the 14-year-old victim.
Re: M L Bright M L Brite Kodaikanal molestation of 14 yeare child for Rs 500
Posted by:
M L Bright M L Brite Kodaikanal child molestation CASE DIARY
()
Date: June 30, 2010 12:01PM
Why is the governmental please need more time for the Case Diary. This is not a murder case and this case is not complicated.
The Government pleader sought time for filing the case diary when the bail application of M L Bright, the 76-year-old administrator of the school in the hill resort town of Kodaikanal, 60 km from here, came up before the Madurai Bench of the Madras High Court today.
Is M L Bright helped by policiticians?
Why is police send to Kerala for searching for him, while he is in Chennai?
Is M L Bright is only a tip of iceberg. Is he pushing poor girls into child prostitution.
Who are his connections.? Is he connected to politicians? Who all have visited him at his home, while he is running this girls hostel at his home?
No one can hide this long, without help from politicians and police.
The Government pleader sought time for filing the case diary when the bail application of M L Bright, the 76-year-old administrator of the school in the hill resort town of Kodaikanal, 60 km from here, came up before the Madurai Bench of the Madras High Court today.
Is M L Bright helped by policiticians?
Why is police send to Kerala for searching for him, while he is in Chennai?
Is M L Bright is only a tip of iceberg. Is he pushing poor girls into child prostitution.
Who are his connections.? Is he connected to politicians? Who all have visited him at his home, while he is running this girls hostel at his home?
No one can hide this long, without help from politicians and police.
Re: M L Bright M L Brite Kodaikanal molestation of 14 yeare child for Rs 500
Posted by:
M L Bright M L Brite can not hide without help from politicians and police.
()
Date: June 30, 2010 12:07PM
Where is he?
Public is paying for this sick perverts sexual fantasies.
Or is he part of something bigger network? Is he only a tip of iceberg?
The chief minister need to get involved. Everyone has kids and we wnat to know the truth
Public is paying for this sick perverts sexual fantasies.
Or is he part of something bigger network? Is he only a tip of iceberg?
The chief minister need to get involved. Everyone has kids and we wnat to know the truth
Re: M L Bright M L Brite Kodaikanal molestation of 14 yeare child for Rs 500
Posted by:
M L Bright M L Brite Kodaikanal tries to rape a Butanese girl
()
Date: June 30, 2010 12:14PM
Whether from Butan or from Japan, child sexual abuse can not be tolerated in India. Yes Indians might be poor, but have a culture
Bhutanese school girl
Who ever is helping M L Bright M L Brite to hide should be arrested as well.
Get out from where ever you are hiding. Otherwise you are going to spoil the entire schools in Kodaikanal.
Bhutanese school girl
Who ever is helping M L Bright M L Brite to hide should be arrested as well.
Get out from where ever you are hiding. Otherwise you are going to spoil the entire schools in Kodaikanal.
Re: M L Bright M L Brite Kodaikanal molestation of 14 yeare child for Rs 500
Posted by:
M L Bright Child sex pervert at age 73
()
Date: June 30, 2010 12:19PM
M L Bright at 73 years you are still a pervert
It does not matter whether she is from Bhutan or from Japan, justice need to be served.
A pretty Bhutanese school girl.
Edited 1 time(s). Last edit at 07/09/2010 05:56PM by administrator.
It does not matter whether she is from Bhutan or from Japan, justice need to be served.
A pretty Bhutanese school girl.
Edited 1 time(s). Last edit at 07/09/2010 05:56PM by administrator.
Re: M L Bright M L Brite Kodaikanal molestation of 14 yeare child for Rs 500
Posted by:
Who is helping M L Bright M l Brite Kodaikanal? Politicians?
()
Date: June 30, 2010 12:37PM
M L Bright need to go to jail. He thinks for Rs 500 he has the right to rape a child.
Hear what he said to the child's guardian, when he questioned M L Bright. He thinks he is above the law.
"CLICK BELOW TO LISTEN TO THE CONVERSATION
[www.timesnow.tv]
Hear what he said to the child's guardian, when he questioned M L Bright. He thinks he is above the law.
"CLICK BELOW TO LISTEN TO THE CONVERSATION
[www.timesnow.tv]
Re: International Schools of India
Posted by:
Any one who helps a child molestor should go to jail first
()
Date: July 02, 2010 01:04PM
Kodaikanal Public School correspondent (official) ML Bright, absconding since a class nine girl student filed a sexual harassment complaint against him last month, surrendered in court on Friday, police said.
Bright surrendered in a Srivilliputure magistrate's court in Tamil Nadu's Dindigul district and was sent to jail, a police official said.
Bright has filed an anticipatory bail petition before the Madras High Court and it will come up for hearing on Monday.
Earlier, the school principal was arrested for being an accomplice to Bright.
"Sheeba Paul, 36, was arrested Thursday afternoon at Kodaikanal (520 km from here) and was remanded to custody. She has been lodged in Nilakottai sub-jail," a police official told IANS over phone.
Bright, 73, has been on the run ever since the guardian of the student lodged a complaint of sexual harassment against him last month
Seventeen girl students were staying at the hostel where Bright also stayed, police said. Bright's passport has been impounded.
The school authorities, including Paul, have been maintaining that the complaint was false and the girl was instigated by her guardian to make it.
Bright surrendered in a Srivilliputure magistrate's court in Tamil Nadu's Dindigul district and was sent to jail, a police official said.
Bright has filed an anticipatory bail petition before the Madras High Court and it will come up for hearing on Monday.
Earlier, the school principal was arrested for being an accomplice to Bright.
"Sheeba Paul, 36, was arrested Thursday afternoon at Kodaikanal (520 km from here) and was remanded to custody. She has been lodged in Nilakottai sub-jail," a police official told IANS over phone.
Bright, 73, has been on the run ever since the guardian of the student lodged a complaint of sexual harassment against him last month
Seventeen girl students were staying at the hostel where Bright also stayed, police said. Bright's passport has been impounded.
The school authorities, including Paul, have been maintaining that the complaint was false and the girl was instigated by her guardian to make it.
Re: International Schools of India
Posted by:
M L Bright M L Brite need to pay the 14 year old girl Rs 20 Lakhs for the Mental Trauma caused
()
Date: July 03, 2010 11:43AM
He must also foot the bill for Police who spend Lakhs of rupees searching for him.
Sue him.
Edited 1 time(s). Last edit at 07/09/2010 05:55PM by administrator.
Sue him.
Edited 1 time(s). Last edit at 07/09/2010 05:55PM by administrator.
Re: International Schools of India
Posted by:
M L Bright M L Brite has no where to run
()
Date: July 03, 2010 11:49AM
Time line
June 1, 2010 -Brite asked the girl to visit his room in her nightgown late in the night along with another girl on June 1. The other girl ignored the call but the new girl went ahead. Because she was new and she really did not know. She thougth M L Bright wanted to disuss her stay at the hostel.
She was asked to serve coffee to Brite, who then allegedly misbehaved with her by putting his hand inside. When the girl refused to give in to his demands, Brite threatened her, using abusive language.
From June 2nd onwards, M L Bright made sure the girl is staying in his house because of his charity and he used foul language to scare her whenever possible.
June 12, 2010 - The frightened girl fell ill and she was admitted to hospital.
June 13, 2010 - The correspondent went to the hospital and when no one was around allegedly molested her.
June 14, 2010 - 14 year old girl finally complained to her Guardian- Charles Samraj
June 15, 2010 on hearing the childs complaint,father Charles Samraj,a CSI priest in Yercaud,and the girls guardian,demanded that the school issue a transfer certificate for his ward. M L Bright to keep the prey insede, demanded Rs 40,000 for handing over the TC.
June 18, 2010 - Samraj also took the girl to the Kodaikanal police to lodge a complaint.According to sources,the principal,known only as Bright,even on the website of the school,had mentioned fee concessions to 17 students,who had been provided with boarding facilities in his living quarters.
June 19 - M L Bright went missing. Police is spending money and time to search this perverst child molestor.
July 1st - New Principal Sheeba Paul arrested for aiding Mr. M L Brite M L Bright
July 2nd - Disgraced Principal, Administrator, Founder, Correspondent M L Bright M L Brite surrenders to police.
July 3rd - Now it is time to sue hime for hi past misdeeds. He must have made Crores of rupees
June 1, 2010 -Brite asked the girl to visit his room in her nightgown late in the night along with another girl on June 1. The other girl ignored the call but the new girl went ahead. Because she was new and she really did not know. She thougth M L Bright wanted to disuss her stay at the hostel.
She was asked to serve coffee to Brite, who then allegedly misbehaved with her by putting his hand inside. When the girl refused to give in to his demands, Brite threatened her, using abusive language.
From June 2nd onwards, M L Bright made sure the girl is staying in his house because of his charity and he used foul language to scare her whenever possible.
June 12, 2010 - The frightened girl fell ill and she was admitted to hospital.
June 13, 2010 - The correspondent went to the hospital and when no one was around allegedly molested her.
June 14, 2010 - 14 year old girl finally complained to her Guardian- Charles Samraj
June 15, 2010 on hearing the childs complaint,father Charles Samraj,a CSI priest in Yercaud,and the girls guardian,demanded that the school issue a transfer certificate for his ward. M L Bright to keep the prey insede, demanded Rs 40,000 for handing over the TC.
June 18, 2010 - Samraj also took the girl to the Kodaikanal police to lodge a complaint.According to sources,the principal,known only as Bright,even on the website of the school,had mentioned fee concessions to 17 students,who had been provided with boarding facilities in his living quarters.
June 19 - M L Bright went missing. Police is spending money and time to search this perverst child molestor.
July 1st - New Principal Sheeba Paul arrested for aiding Mr. M L Brite M L Bright
July 2nd - Disgraced Principal, Administrator, Founder, Correspondent M L Bright M L Brite surrenders to police.
July 3rd - Now it is time to sue hime for hi past misdeeds. He must have made Crores of rupees
Re: International Schools of India
Posted by:
M L Bright will be forced to pay for damages.
()
Date: July 04, 2010 04:01PM
Bhutanese school girls
Re: International Schools of India
Posted by:
Thank you M L Bright M L Brite for spoiling India's name even in Bhutan
()
Date: July 04, 2010 04:05PM
M L Bright, I have an advice. Go to Bhutan and meet with the girls parents and say sorry
Bhutanese School girls.
Bhutanese School girls.
Re: International Schools of India
Posted by:
Teach English in the middle of the night & practice English by watching Hollywood movies
()
Date: July 06, 2010 10:00AM
Madurai: A Kodaikanal court on Monday dismissed the bail application of Sheba Paul,principal of the Kodaikanal Public School,even as allegations emerged during investigations that her father and the school correspondent,ML Bright,had sexually harassed more than just one student.
Dindigul SP MS Muthuswamy had directed a woman sub-inspector,Raja Pushpam,to conduct an enquiry with the ten girls who were given lodging in Brights bungalow.A doctor from Kodaikanal was asked to conduct medical examination of these ten students.Six other girls had already been taken home by their guardians when the police went to the school last week.
Sheba Paul was arrested after a police inquiry revealed she had threatened the students against speaking about Bright to the police and got him to speak to them through her mobile phone,alleged police.Police said that Bright and Sheba were influential and capable of tampering with evidence if released on bail.
The girl,who lodged a complaint with the police,alleged that Bright had asked her and another girl,who was staying in his bungalow,along with 15 other students,to come to his bedroom in the night.Later he had molested her when she was recouping in the school sick room,she alleged.
Dindigul SP MS Muthuswamy had directed a woman sub-inspector,Raja Pushpam,to conduct an enquiry with the ten girls who were given lodging in Brights bungalow.A doctor from Kodaikanal was asked to conduct medical examination of these ten students.Six other girls had already been taken home by their guardians when the police went to the school last week.
Sheba Paul was arrested after a police inquiry revealed she had threatened the students against speaking about Bright to the police and got him to speak to them through her mobile phone,alleged police.Police said that Bright and Sheba were influential and capable of tampering with evidence if released on bail.
The girl,who lodged a complaint with the police,alleged that Bright had asked her and another girl,who was staying in his bungalow,along with 15 other students,to come to his bedroom in the night.Later he had molested her when she was recouping in the school sick room,she alleged.
Re: International Schools of India
Posted by:
In the middle of the night English classes for young girls only
()
Date: July 06, 2010 10:03AM
The Madurai Bench of the Madras high court,while taking up Brights anticipatory bail plea,had directed the Dindigul superintendent of police to conduct an enquiry and submit a report by July 5.On Monday,the investigating officer submitted an actiontaken report to the court.Enquiries among students in the school revealed that Charles Samrajs ward was not the only victim of Brights harassment,police sources said.
See our man arrested on the right - M L Bright M L Brite
Most of the girls were ready to speak out if their identity was not revealed and their education in the school was guaranteed, said a police officer.
Speaking to TOI,Charles Samraj,who hails from Yercaud in Salem district,said his ward had told him that Bright was in the practice of housing girl students in his bungalows in the public schools he ran in many places,including Kodaikanal,Kanyakumari and Ooty,and taking special English classes for them late in the night.
Edited 1 time(s). Last edit at 07/09/2010 05:56PM by administrator.
See our man arrested on the right - M L Bright M L Brite
Most of the girls were ready to speak out if their identity was not revealed and their education in the school was guaranteed, said a police officer.
Speaking to TOI,Charles Samraj,who hails from Yercaud in Salem district,said his ward had told him that Bright was in the practice of housing girl students in his bungalows in the public schools he ran in many places,including Kodaikanal,Kanyakumari and Ooty,and taking special English classes for them late in the night.
Edited 1 time(s). Last edit at 07/09/2010 05:56PM by administrator.
Re: International Schools of India
Posted by:
anand
()
Date: July 12, 2011 08:52PM
im an ex student of this school and Bastard Bright literally accused my friend for selling heroin and cocaine.WTF? come on man!! this guy is such a retard that he thinks from his balls. Let me tell you a story about him. its true. one day he asked a female worker to send dinner.it got pretty pretty late like say 9 pm( its late for this school trust me). Im glad that she was bold enough to tell it out but she was helpless. We discovered that he had physically harassed her but she managed to escape. in school he used to hold hot teachers by hip pretending to be elderly but his cock wont stop thinking you know!! not only them students too off course. whatever the hell happened he saw hell on earth and its yet to come when he dies.
we all are happy and will be graduates in another year in college. its been the most awaited day and has touched beyond expectation. off course its been a year since this incidence took place.. but i saw his face and felt like spitting on his face.. the thick green flame right from the bottom of my throat to his eyes.
hell yeah!!
we all are happy and will be graduates in another year in college. its been the most awaited day and has touched beyond expectation. off course its been a year since this incidence took place.. but i saw his face and felt like spitting on his face.. the thick green flame right from the bottom of my throat to his eyes.
hell yeah!!Ethical Standards of IIT stars questioned in US
Posted by:
Rajat Gupta - Are Indians really crooks? Why only Indians are arrested
()
Date: March 02, 2011 12:52PM
Rajat Gupta - IIT Star from India trying to help USA to succeed in Global Business
Rajat Gupta was born in Kolkata, West Bengal, India to Pran Kumari Gupta and Ashwini Kumar Gupta, who had three other children. His father was a journalist with the Ananda Bazar Patrika Group. He was a prominent freedom fighter and had been to jail many times. His mother taught at a Montessori school.
When he was five the family moved to Delhi, where his father went to start Hindustan Standard. His father died when Rajat was sixteen and his mother died when he was eighteen.
He was an outstanding student at Modern School (New Delhi). He holds a bachelor of technology degree in Mechanical Engineering from the Indian Institute of Technology, Delhi (IIT) and an M.B.A. from Harvard Business School.
On March 1, 2011, the U.S. SEC laid civil insider trading charges against Gupta. He is accused of passing along non-public information to the former head of the Galleon Group hedge funds, Raj Rajaratnam, who is set to go on trial for insider trading. Gupta is described by regulators as an investor in Galleon funds, as well as a friend and business associate of Rajaratnam.
Rajat Gupta was trusted by some of the world’s top companies. But the SEC says he shared insider secrets so a hedge fund could make millions improperly in the market. Allan Dodds Frank reports.
The reputation of McKinsey, the world’s most important consulting firm, is built on the perception that its high-priced consultants are the brightest and most trustworthy group available anywhere. Now Rajat Gupta, who served as McKinsey’s global managing director for nearly a decade, is enmeshed in Wall Street’s biggest insider trading scandal ever.
The ultimate kings of capitalism—Warren Buffett’s Berkshire Hathaway and the boards of directors of Goldman Sachs and Procter & Gamble—are the latest alleged victims of a vast insider-trading ring that penetrated Wall Street during the last decade.
Perhaps most shocking is the allegation that the Judas who betrayed the royal court of corporate America during the economic turmoil of late 2008 was Rajat K. Gupta, the now 62-year-old, much celebrated, international business leader who ran McKinsey from 1994 to 2003.
At McKinsey, the spokeswoman Yolande Daeninck, put out a statement that reads like a spiritual obituary and puts Gupta clearly in McKinsey's past tense: "We were saddened to learn about the civil charges against our former colleague."
According to the Securities & Exchange Commission administrative filing, Gupta—as a board member of Goldman Sachs—learned on Sunday, Sept. 21, 2008, that Berkshire Hathaway chairman Warren Buffett was going to pump $5 billion into Goldman during Wall Street’s dark hours barely a week after the collapse of Lehman Brothers.
“Mr. Gupta was honored with the highest trust of leading public companies, and he betrayed that trust by disclosing their most sensitive and valuable secrets,” said SEC director of enforcement Robert Khuzami in a statement.
Galleon made more than $14 million in profits and avoided more than $3 million more in losses, allegedly thanks to Gupta’s information about the Berkshire deal and Goldman’s quarterly earnings.
On Monday morning Sept. 22, 2008, the SEC says, Gupta “very likely” had a telephone conversation with Galleon Hedge Fund founder Raj Rajaratnam—the Sri Lankan-born leader of the alleged insider-trading ring. Not long after that call, Galleon bought more than 80,000 shares of Goldman Sachs. The next morning, before any announcement of the Berkshire deal had been made public, Rajaratnam called Gupta for 14 minutes. “Less than a minute after the call began,” says the SEC, Galleon bought 40,000 more Goldman shares.
Ultimately, Galleon made more than $14 million in profits and avoided more than $3 million more in losses, allegedly thanks to Gupta’s information about the Berkshire deal and Goldman’s quarterly earnings. Galleon allegedly earned another half million dollars on inside information from Gupta about P&G’s earnings.
The SEC action was unusual—filed as an administrative proceeding to be heard by an administrative judge, rather than as a civil suit that might be tried before a jury in U.S. District Court. Many SEC civil actions are accompanied by criminal charges filed by Justice Department prosecutors who usually allege a similar—if not identical—set of facts.
The Galleon criminal investigation—called the largest insider trading case ever by prosecutors—involves thousands of wire-tapped calls, and although, there have been mentions of calls involving Gupta, it may be none of the calls mentioned in Tuesday’s filing were recorded. The evidence, at least what has been revealed so far, seems to be based on telephone records that show the timing and duration of calls; not what was said on them.
Gary Naftalis, a onetime federal prosecutor who has been a top-ranked defense attorney for more than three decades, represents Gupta. Born in Calcutta, India, Gupta earned a degree in mechanical engineering at the Indian Institute of Technology in New Delhi and an M.B.A at Harvard before starting at McKinsey in 1973.
In a statement, Naftalis said: “The SEC allegations are totally baseless. Mr. Gupta’s 40-year-record of ethical conduct, integrity, and commitment to guarding his client’s confidences is beyond reproach. Mr. Gupta has done nothing wrong… There is no allegation that Mr. Gupta traded in any of these securities or shared in any profits as part of any quid pro quo.”
Rajaratnam goes on trial in federal court in New York March 8 and several news organizations quoted his lawyer, John Dowd, as saying the SEC attack on Gupta was “simply an effort to destroy a favorable witness. There is no case, absolutely none. No conversations, no benefits, no nothing.”
No criminal charges have been filed against Gupta, and as things stand now, he would face a fine if he lost the administrative proceeding and elected not to appeal.
The SEC says Gupta had money invested with Galleon’s founder, although Naftalis says his client lost $10 million in a Galleon Fund, proving that insider trading was not driving his actions. The SEC also says Gupta and Rajaratnam were partners in an investment firm called “New Silk Route Partners.”
When elected Managing Director of McKinsey in 1994, Gupta was hailed in the Indian magazine Business Today as “the first-ever India-born CEO of a US transglobal corporation.” After stepping down as Managing Director in 2003, Gupta spent four years as a senior partner before departing McKinsey and joining the boards of Goldman, P&G, and AMR, the parent company of American Airlines. He also served as a trustee or advisor to other significant non-profit institutions, including the University of Chicago, the Rockefeller Foundation and the United Nations.
In the highest circles of international business, from the ski slopes of Davos to the maharajahs of Indian commerce, Gupta had unprecedented access, a high-ranking consultant to CEOs and Fortune 100 company boards tells The Daily Beast. “There are not many consultants on major boards like that, so he is unique in the trust they had in him.” About the damage this allegation could do to corporate chieftains’ perceptions of McKinsey, he says: “A consultant’s reputation is very much based on their ability to keep confidential information sacred. If you can’t trust a strategy consultant to do that, then what can you trust them to do?”
As a co-founder of the Indian School of Business in Hyderabad in the 1990s, Gupta became acquainted with Rajaratnam, a major donor. Another co-founder of the school, Anil Kumar, was a partner at McKinsey from 2003 to 2009 when he fed inside information about technology companies to the insider-trading scheme. As part of the Galleon case, he pleaded guilty to two counts in January 2010 and still awaits sentencing. Should Gupta be charged in a criminal case, Kumar might be a key witness.
The accusation of insider trading against Gupta reverberates through the small, close-knit world of Indian-born CEOs who run multi-national corporations in the United States. Two of them: Vikrim Pandit, the CEO of Citigroup and Indra Nooyi, the Pepsi CEO who was a onetime consultant for two of McKinsey’s competitors, each run companies that have been McKinsey clients. Then there is Ajit Jain, a highly regarded Berkshire Hathaway executive who also is a Harvard Business School graduate and former McKinsey consultant.
Even though he was no longer the global boss at McKinsey when his alleged tipping to insider traders took place, the charges against Gupta still cast a shadow on McKinsey culture. For three, three-year terms as the elected top executive of a company that operates in more than 50 countries, Gupta was the man promulgating corporate culture. Even now, the company website, in a section about “keeping clients’ trust” quotes Gupta praising Marvin Bower, the man regarded as the founder of the modern McKinsey.
How these charges against Gupta might affect McKinsey is not clear. The consultants there make much of their multi-million dollar fees helping the likes of Goldman Sachs and P&G in three stages: 1. Thinking of strategies that lead to reasons for buying or spinning off assets. 2. Putting together the merger and acquisition deals and 3. Handling the post-merger integration of companies.
McKinsey clients who are unhappy may find the competition—Boston Consulting Group, Bain, Oliver Wyman and Booz Allen Hamilton—already fully booked.
One former McKinsey consultant says: “The pipeline of IPOs and M&A deals at most investment banks is huge right now. They are all anticipating it is going to coming flooding out soon.” Each stage, the McKinsey alum notes, is rife with potentially valuable information for insider traders. Now comes the question about what lip service consultants will pay to assure clients their secrets are safe from the information predators on Wall Street.
Re: Ethical Standards of IIT stars questioned in US
Posted by:
Rajat Gupta - What goes up should come down
()
Date: March 03, 2011 09:57PM
Rajat Gupta may be the most important businessman ever charged with a serious violation of securities laws.
The standard defendants in insider trading cases are low-level employees of corporations or Wall Street firms. Only very occasionally does anyone who has risen to the height of a Raj Rajaratnam—the founder of Galleon, and alleged co-conspirator of Gupta—get charged with serious violations.
The only people who even comes close to the stature of Gupta are Michael Milken and Bernard Madoff. But despite the vast wealth people had given to Madoff to manage, he was never a member of the inner circle of corporate power in America.
Gupta is one of the most connected people in corporate America that you've never heard of, as Duff McDonald showed in his October 2010 Fortune magazine profile. Gupta spent 34 years at McKinsey, arguably the most important corporate consulting company in the world. In 1994, he was elected head of McKinsey, a position he held for nine years.
Under his tenure, McKinsey grew into a truly global powerhouse, opening at least 20 offices overseas and more than doubling the number of consultants employed, McDonald writes.
After he left McKinsey, Gupta was tapped to sit on the boards of five well-known public companies: American Airlines parent AMR, Genpact, Goldman Sachs, Harman International, and Procter & Gamble. He also sat on the supervisory board of Russia's Sberbank and the board of the Qatar Financial Centre.
With the possible exception of Michael Milken, never before in the history of US securities laws has anyone this established, this well-connected, this close to the central core of American capitalism faced such charges. Madoff comes close—but he was always on the periphery of Wall Street rather than at its center.
One of the reasons we rarely see such charges against people with the stature and wealth of Gupta is that insider trading makes so little logical sense for such people. There’s really no reason Gupta should leak confidential information to a hedge fund manager. He doesn’t need money, access, prestige or any favors at all.
If he did tip off his hedge fund manager friend, it was something darker than greed or ambition. It was something close to sociopathic narcissism—perhaps a belief that he was somehow above the law, immune to the rules that govern the rest of us. The sort of thing we see in Madoff.
The standard defendants in insider trading cases are low-level employees of corporations or Wall Street firms. Only very occasionally does anyone who has risen to the height of a Raj Rajaratnam—the founder of Galleon, and alleged co-conspirator of Gupta—get charged with serious violations.
The only people who even comes close to the stature of Gupta are Michael Milken and Bernard Madoff. But despite the vast wealth people had given to Madoff to manage, he was never a member of the inner circle of corporate power in America.
Gupta is one of the most connected people in corporate America that you've never heard of, as Duff McDonald showed in his October 2010 Fortune magazine profile. Gupta spent 34 years at McKinsey, arguably the most important corporate consulting company in the world. In 1994, he was elected head of McKinsey, a position he held for nine years.
Under his tenure, McKinsey grew into a truly global powerhouse, opening at least 20 offices overseas and more than doubling the number of consultants employed, McDonald writes.
After he left McKinsey, Gupta was tapped to sit on the boards of five well-known public companies: American Airlines parent AMR, Genpact, Goldman Sachs, Harman International, and Procter & Gamble. He also sat on the supervisory board of Russia's Sberbank and the board of the Qatar Financial Centre.
With the possible exception of Michael Milken, never before in the history of US securities laws has anyone this established, this well-connected, this close to the central core of American capitalism faced such charges. Madoff comes close—but he was always on the periphery of Wall Street rather than at its center.
One of the reasons we rarely see such charges against people with the stature and wealth of Gupta is that insider trading makes so little logical sense for such people. There’s really no reason Gupta should leak confidential information to a hedge fund manager. He doesn’t need money, access, prestige or any favors at all.
If he did tip off his hedge fund manager friend, it was something darker than greed or ambition. It was something close to sociopathic narcissism—perhaps a belief that he was somehow above the law, immune to the rules that govern the rest of us. The sort of thing we see in Madoff.
Indian Institute of Tricks
Posted by:
Anil Kumar - Another IIT Star who got sapped
()
Date: March 03, 2011 10:05PM
Anil Kumar (born 1958) was an eminent and influential senior partner at management consultancy McKinsey & Company. He graduated from the Indian Institute of Technology Bombay in India, Imperial College in the UK, and the Wharton School in the US.
Kumar was widely admired for pioneering the concept of Knowledge Process Offshoring,[1] which helped lay the groundwork for India's tremendous economic and outsourcing boom. Correctly predicting the rise of both Silicon Valley and India, he established and led McKinsey offices in both locations, Silicon Valley in the 1980s and then India in the 1990s. Together with Rajat Gupta, Kumar co-founded the Indian School of Business, today a top-ranked business school. He also co-chaired the Indian American Council at the Confederation of Indian Industry. Among other senior leadership roles at McKinsey, Kumar chaired the firm's Knowledge Center and Asia Center.
Despite these successes, Kumar maintained a low profile until a 2009 arrest in conjunction with an ongoing US governmental investigation into insider trading.[2] As of December 2009, he was no longer with the firm.[3] In January 2010, he pleaded guilty at a federal court in New York
Anil Kumar pleaded guilty Thursday to securities fraud charges, admitting making $2.6 million by feeding inside stock information to one of America's richest men in history's largest hedge-fund insider trading case.
Anil Kumar, 51, of Saratoga, Calif., entered the plea in U.S. District Court in Manhattan in a cooperation deal aimed at strengthening the government's case against billionaire hedge-fund operator Raj Rajaratnam.
Rajaratnam reaped $19 million from investments made after Kumar, a former senior partner and director at McKinsey & Co., fed him tips between March and July 2006 about the acquisition of ATI Technologies Inc. by Advanced Micro Devices Inc., Assistant U.S. Attorney Jonathan R. Streeter said.
He said Rajaratnam paid Kumar $1.7 million to $2 million for his tips, including a $1 million bonus after the ATI and Advanced Micro Devices deal was announced.
"Anil, you're a hero," Streeter said Rajaratnam told Kumar after the big score. Prosecutors say Rajaratnam and Kumar had a personal relationship after the pair met in business school in the 1980s.
Streeter said the deal Rajaratnam made with Kumar in 2003 called for Kumar to be paid up to $500,000 annually to feed tips to Rajaratnam with the understanding that Kumar would invest some of the money in the Galleon Group hedge funds, which Rajaratnam founded and controlled.
The government filed papers this week in Rajaratnam's case to say they planned to file additional charges against him after learning about the $19 million, which prosecutors say raises the amount Rajaratnam made from illegal deals to at least $36 million in profit.
Rajaratnam is free on $100 million bail after his October arrest on charges that he led a massive insider trading ring that involved key executives at several U.S. companies. The Securities and Exchange Commission has said the inside trading ring made more than $50 million.
Rajaratnam, 52, was ranked No. 559 by Forbes magazine last year among the world's wealthiest billionaires, with a $1.3 billion net worth.
Kumar was widely admired for pioneering the concept of Knowledge Process Offshoring,[1] which helped lay the groundwork for India's tremendous economic and outsourcing boom. Correctly predicting the rise of both Silicon Valley and India, he established and led McKinsey offices in both locations, Silicon Valley in the 1980s and then India in the 1990s. Together with Rajat Gupta, Kumar co-founded the Indian School of Business, today a top-ranked business school. He also co-chaired the Indian American Council at the Confederation of Indian Industry. Among other senior leadership roles at McKinsey, Kumar chaired the firm's Knowledge Center and Asia Center.
Despite these successes, Kumar maintained a low profile until a 2009 arrest in conjunction with an ongoing US governmental investigation into insider trading.[2] As of December 2009, he was no longer with the firm.[3] In January 2010, he pleaded guilty at a federal court in New York
Anil Kumar pleaded guilty Thursday to securities fraud charges, admitting making $2.6 million by feeding inside stock information to one of America's richest men in history's largest hedge-fund insider trading case.
Anil Kumar, 51, of Saratoga, Calif., entered the plea in U.S. District Court in Manhattan in a cooperation deal aimed at strengthening the government's case against billionaire hedge-fund operator Raj Rajaratnam.
Rajaratnam reaped $19 million from investments made after Kumar, a former senior partner and director at McKinsey & Co., fed him tips between March and July 2006 about the acquisition of ATI Technologies Inc. by Advanced Micro Devices Inc., Assistant U.S. Attorney Jonathan R. Streeter said.
He said Rajaratnam paid Kumar $1.7 million to $2 million for his tips, including a $1 million bonus after the ATI and Advanced Micro Devices deal was announced.
"Anil, you're a hero," Streeter said Rajaratnam told Kumar after the big score. Prosecutors say Rajaratnam and Kumar had a personal relationship after the pair met in business school in the 1980s.
Streeter said the deal Rajaratnam made with Kumar in 2003 called for Kumar to be paid up to $500,000 annually to feed tips to Rajaratnam with the understanding that Kumar would invest some of the money in the Galleon Group hedge funds, which Rajaratnam founded and controlled.
The government filed papers this week in Rajaratnam's case to say they planned to file additional charges against him after learning about the $19 million, which prosecutors say raises the amount Rajaratnam made from illegal deals to at least $36 million in profit.
Rajaratnam is free on $100 million bail after his October arrest on charges that he led a massive insider trading ring that involved key executives at several U.S. companies. The Securities and Exchange Commission has said the inside trading ring made more than $50 million.
Rajaratnam, 52, was ranked No. 559 by Forbes magazine last year among the world's wealthiest billionaires, with a $1.3 billion net worth.
Re: Indian Institute of Tricks
Posted by:
Anil Kumar with tears in eyes plead guilty
()
Date: March 03, 2011 10:10PM
Anil Kumar, a former director of McKinsey & Co told a court on Thursday that Galleon hedge fund founder Raj Rajaratnam paid him $1.75 million in exchange for tips on clients of the consulting firm, giving prosecutors potentially more ammunition in the insider-trading case.
The former McKinsey executive pleaded guilty to fraud and conspiracy in Manhattan federal court. Prosecutors told how Kumar arranged to have an overseas entity receive payments from Rajaratnam through a Swiss bank account.
The money was then invested in Galleon under the name of a worker in Kumar's household. Kumar made $2.6 million in illicit profits from this arrangement, including the $1.75 million paid by Rajaratnam, the prosecutors said.
Based on information from Kumar, the Galleon manager traded in Advanced Micro Devices Inc in 2006 and 2008 and eBay Inc in 2008, prosecutors said.
Rajaratnam's lawyer, John Dowd, said in a statement that his client "did not make payments to Mr. Kumar or anyone else in return for providing inside information."
Rajaratnam and Kumar met in the 1980s when they both attended the Wharton School of Business at the University of Pennsylvania.
Later a star at McKinsey, whose ranks have produced some of the best-known executives in corporate America, Kumar had been advising technology clients on business strategies, including potential acquisitions, since 1997.
Kumar, who is free on $5 million bail posted when he was arrested on Oct. 16, said in court on Thursday that he had conversations with Rajaratnam from 2003 to 2009. Some of those discussions were recorded in wiretaps by the FBI, tactics usually used in organized crime investigations.
"I understood Mr. Rajaratnam was going to trade securities. I understood that my conduct was unlawful," Kumar told U.S. District Court Judge Denny Chin, pausing at times to compose himself.
He could face up to 25 years in prison when he is sentenced on March 26.
TRUST BETRAYED
Kumar said he was suffering from anxiety and depression and apologized to his colleagues at McKinsey, a company he worked from 1986 until he was let go in December.
"To all my colleagues whose trust I have betrayed, I am sorry," said Kumar, of Saratoga, California.
When Kumar was arrested in October, the firm said it was "distressed." On Thursday, a spokesman for McKinsey & Co said it had "no further comment at this time."
Rama vs Ravanna
Posted by:
Ramayan all over again
()
Date: March 07, 2011 11:04AM
Preet Bahara
The Indian-born Mr. Bharara, 42, who grew up in New Jersey, has been outspoken on the pervasiveness of insider trading.
"Unfortunately, from what I can see, from my vantage point as the United States attorney here, illegal insider trading is rampant," he said in a speech last October. The next month, after a judge imprisoned a defendant who admitted to insider trading, Mr. Bharara said the sentence should "remind those who might contemplate similar crimes that we will ultimately find you, prosecute you and convict you."
Mr. Rajaratnam
SriLankan born , Mr. Rajaratnam came to the United States to study business at the University of Pennsylvania's prestigious Wharton School. As a young stock picker at Needham & Company, he earned a reputation for possessing a vast network of sources in the technology industry. "Raj" means King in hindu.
Attorney John Dowd
Rajratnam's lawyer Mr. Dowd is facing off against a team of federal prosecutors led by Preet Bharara, the United States attorney in Manhattan who has led the widespread crackdown on insider trading. Since Mr. Bharara became New York's top federal prosecutor in August 2009, his office has charged 46 people with insider trading; 29 of them have pleaded guilty.
Galleon Hedge Fund
In 1997, Raj co-founded Galleon, which at its peak managed about $7 billion and was one of the largest commission payers on Wall Street. On the trading floors of the world's largest banks, he was known - like the one-named celebrities Bono and Madonna - as Raj, which he would proudly explain meant "king" in Hindi.
Mr. Rajaratnam was arrested on Oct. 16, 2009. Five others accused of being part of the insider trading conspiracy were also arrested that day. All five have since pleaded guilty.
None of those five has Mr. Rajaratnam's prodigious wealth, another factor driving Mr. Rajaratnam's gamble, say legal experts. What prevents most of their clients from taking cases to a jury, white-collar defense lawyers say, is the immense cost of a trial.
In 2009, Mr. Rajaratnam had a net worth of $1.5 billion, according to Forbes magazine. He has spared no expense in mounting his defense, with a team of lawyers from Akin Gump Strauss Hauer & Feld working around the clock since his arrest.
His legal bills have already surpassed $20 million, said a person with direct knowledge of the case who requested anonymity, and will escalate substantially during the trial.
In Mr. Dowd, 69, Mr. Rajaratnam has a lawyer with experience trying high-profile cases. A former prosecutor with a curmudgeonly countenance and a hint of a Boston accent, he is perhaps best known for his work for Major League Baseball in issuing the "Dowd Report." That report set forth a case showing that Pete Rose had bet on games as manager of the Cincinnati Reds.
He also represented John McCain, the Senator from Arizona, in a scandal involving campaign contributions from Charles Keating, the convicted savings-and-loan executive. Mr. McCain was cleared of any wrongdoing but was criticized for "poor judgment."
Mr. Dowd is facing off against a team of federal prosecutors led by Preet Bharara, the United States attorney in Manhattan who has led the widespread crackdown on insider trading. Since Mr. Bharara became New York's top federal prosecutor in August 2009, his office has charged 46 people with insider trading; 29 of them have pleaded guilty.
The Indian-born Mr. Bharara, 42, who grew up in New Jersey, has been outspoken on the pervasiveness of insider trading.
"Unfortunately, from what I can see, from my vantage point as the United States attorney here, illegal insider trading is rampant," he said in a speech last October. The next month, after a judge imprisoned a defendant who admitted to insider trading, Mr. Bharara said the sentence should "remind those who might contemplate similar crimes that we will ultimately find you, prosecute you and convict you."
The harsh rhetoric is reminiscent of the insider trading scandal of the 1980s when Rudolph W. Giuliani, then the United States attorney, prosecuted Wall Street executives for insider trading crimes, including Ivan F. Boesky and Michael R. Milken, two of the most powerful financiers of that era.
Mr. Bharara's focus on insider trading has surprised many people on Wall Street. They had expected his office to instead bring criminal charges against top executives at the large banks that were at the center of the financial crisis. But legal experts say those cases, which would have been built on e-mails that did not provide clear evidence of wrongdoing, would be very difficult to prove.
The Justice Department's insider trading investigation, though, has been helped by its aggressive use of tapping phones and pursuing confidential informants.
Federal prosecutors are expected to play recorded conversations of Mr. Rajaratnam swapping confidential information with fellow hedge fund traders and corporate sources, according to court documents. They were discussing as many as 35 stocks, including Advanced Micro Devices, Intel and Hilton Worldwide. The conversations led Mr. Rajaratnam to trade in those companies stocks based on the supposed illegal tips funneled to him.
Legal experts say that the biggest blow to Mr. Rajaratnam's defense came last November, when Judge Holwell denied his request to prohibit the government from using wiretapped conversations at trial. The government asked a federal judge in March 2008 to approve an application to tap Mr. Rajaratnam's phones after a nearly two-year investigation had stalled.
The government received approval to record Mr. Rajaratnam's telephone conversations, which it did over a nine-month stretch in 2008. More than 2,400 conversations were recorded with scores of friends and associates, according to court filings.
Mr. Rajaratnam would likely appeal a conviction, as they did before the trial, on the grounds that the use of wiretaps was unconstitutional, say several lawyers following the case.
Should a jury convict Mr. Rajaratnam, another avenue for appeal could be that the swarm of publicity surrounding the trial tainted the jury. The media storm reached a fevered pitch last week when the Securities and Exchange Commission filed a civil action against Mr. Gupta, the former Goldman and P.& G. director who for many years headed McKinsey & Company, the management consulting firm. The S.E.C. accused him of sharing secret information about those companies with Mr. Rajaratnam.
A lawyer for Mr. Gupta has called the government's charges against his client "baseless." Several Goldman and P.& G. executives are on the government's witness list, including Mr. Blankfein, Goldman's C.E.O.
Mr. Dowd pleaded with the S.E.C. to wait until Mr. Rajaratnam's trial ended to file its action against Mr. Gupta, according to a court filing. He blamed the United States attorney's office for failing to persuade the S.E.C. to hold off, saying it was "a deliberate attempt to pollute this jury pool and deny Mr. Rajaratnam his right to an impartial jury."
Federal prosecutors say they have overwhelming evidence of Mr. Rajaratnam's illicit trading. They have told Judge Richard J. Holwell, who is overseeing the case, that they could play 173 secretly recorded telephone conversations between Mr. Rajaratnam and his associates, some of whom are his supposed co-conspirators. The government says that Mr. Rajaratnam illegally traded in 35 different stocks. Nineteen traders in Mr. Rajaratnam's orbit have already pleaded guilty to insider trading, several of whom are cooperating with the government and are expected to testify.
Legal experts say that even if there is a low probability of an acquittal, there is little motivation for Mr. Rajaratnam to plead guilty now, 17 months after federal agents arrested him in his Sutton Place apartment in Manhattan on securities fraud and conspiracy charges.
"The deals you get for pleading guilty usually come early in the process, so if he were to plead now versus a guilty verdict after a trial, the sentence he would get by pleading might not be very different from the sentence after the verdict," said Mark Cohen, a partner at Cohen & Gresser and a former federal prosecutor.
Friends and former colleagues also say that the Sri Lankan-born Mr. Rajaratnam is a proud and dignified family man who maintains his innocence. A prominent philanthropist, especially to South Asian causes, Mr. Rajaratnam feels that not only his reputation rests on his vindication, but also that of the entire South Asian immigrant community and his Sri Lankan countrymen, friends say.
"If Raj pleaded, he would be admitting that he committed a crime and to admit guilt is not an option," said a former Galleon employee who worked with Mr. Rajaratnam for a decade and would speak only on the condition of anonymity. "But if a jury finds him guilty, he can say he was wrongfully convicted."
A centerpiece of Mr. Rajaratnam's defense is the so-called mosaic theory of investing. Galleon practiced a method of picking stocks built by relentlessly pressing for pieces of information about companies to form a "mosaic" - a fuller picture intended to give it an edge on other investors.
Lawyers for Mr. Rajaratnam are expected to argue that their client did not know he was trading on confidential, market-moving tips from company executives and other informants who breached a duty to not reveal the information. Instead, they will assert that Mr. Rajaratnam, like a dogged investigative journalist, worked with disparate sources to collect as much data as he could about the companies in which he invested.
"Throughout his career Mr. Rajaratnam has worked tirelessly as permitted by the securities laws to build a mosaic of public information about the companies he follows," John Dowd, his lead trial lawyer, has said. "His detailed, meticulous research into company fundamentals distinguished him as an exceptional analyst and portfolio manager."
Mr. Rajaratnam came to the United States to study business at the University of Pennsylvania's prestigious Wharton School. As a young stock picker at Needham & Company, he earned a reputation for possessing a vast network of sources in the technology industry.
In 1997, he co-founded Galleon, which at its peak managed about $7 billion and was one of the largest commission payers on Wall Street. On the trading floors of the world's largest banks, he was known - like the one-named celebrities Bono and Madonna - as Raj, which he would proudly explain meant "king" in Hindi.
Mr. Rajaratnam was arrested on Oct. 16, 2009. Five others accused of being part of the insider trading conspiracy were also arrested that day. All five have since pleaded guilty.
None of those five has Mr. Rajaratnam's prodigious wealth, another factor driving Mr. Rajaratnam's gamble, say legal experts. What prevents most of their clients from taking cases to a jury, white-collar defense lawyers say, is the immense cost of a trial.
In 2009, Mr. Rajaratnam had a net worth of $1.5 billion, according to Forbes magazine. He has spared no expense in mounting his defense, with a team of lawyers from Akin Gump Strauss Hauer & Feld working around the clock since his arrest.
His legal bills have already surpassed $20 million, said a person with direct knowledge of the case who requested anonymity, and will escalate substantially during the trial.
In Mr. Dowd, 69, Mr. Rajaratnam has a lawyer with experience trying high-profile cases. A former prosecutor with a curmudgeonly countenance and a hint of a Boston accent, he is perhaps best known for his work for Major League Baseball in issuing the "Dowd Report." That report set forth a case showing that Pete Rose had bet on games as manager of the Cincinnati Reds.
He also represented John McCain, the Senator from Arizona, in a scandal involving campaign contributions from Charles Keating, the convicted savings-and-loan executive. Mr. McCain was cleared of any wrongdoing but was criticized for "poor judgment."
Mr. Dowd is facing off against a team of federal prosecutors led by Preet Bharara, the United States attorney in Manhattan who has led the widespread crackdown on insider trading. Since Mr. Bharara became New York's top federal prosecutor in August 2009, his office has charged 46 people with insider trading; 29 of them have pleaded guilty.
The Indian-born Mr. Bharara, 42, who grew up in New Jersey, has been outspoken on the pervasiveness of insider trading.
"Unfortunately, from what I can see, from my vantage point as the United States attorney here, illegal insider trading is rampant," he said in a speech last October. The next month, after a judge imprisoned a defendant who admitted to insider trading, Mr. Bharara said the sentence should "remind those who might contemplate similar crimes that we will ultimately find you, prosecute you and convict you."
The harsh rhetoric is reminiscent of the insider trading scandal of the 1980s when Rudolph W. Giuliani, then the United States attorney, prosecuted Wall Street executives for insider trading crimes, including Ivan F. Boesky and Michael R. Milken, two of the most powerful financiers of that era.
Mr. Bharara's focus on insider trading has surprised many people on Wall Street. They had expected his office to instead bring criminal charges against top executives at the large banks that were at the center of the financial crisis. But legal experts say those cases, which would have been built on e-mails that did not provide clear evidence of wrongdoing, would be very difficult to prove.
The Justice Department's insider trading investigation, though, has been helped by its aggressive use of tapping phones and pursuing confidential informants.
Federal prosecutors are expected to play recorded conversations of Mr. Rajaratnam swapping confidential information with fellow hedge fund traders and corporate sources, according to court documents. They were discussing as many as 35 stocks, including Advanced Micro Devices, Intel and Hilton Worldwide. The conversations led Mr. Rajaratnam to trade in those companies stocks based on the supposed illegal tips funneled to him.
Legal experts say that the biggest blow to Mr. Rajaratnam's defense came last November, when Judge Holwell denied his request to prohibit the government from using wiretapped conversations at trial. The government asked a federal judge in March 2008 to approve an application to tap Mr. Rajaratnam's phones after a nearly two-year investigation had stalled.
The government received approval to record Mr. Rajaratnam's telephone conversations, which it did over a nine-month stretch in 2008. More than 2,400 conversations were recorded with scores of friends and associates, according to court filings.
Mr. Rajaratnam would likely appeal a conviction, as they did before the trial, on the grounds that the use of wiretaps was unconstitutional, say several lawyers following the case.
Should a jury convict Mr. Rajaratnam, another avenue for appeal could be that the swarm of publicity surrounding the trial tainted the jury. The media storm reached a fevered pitch last week when the Securities and Exchange Commission filed a civil action against Mr. Gupta, the former Goldman and P.& G. director who for many years headed McKinsey & Company, the management consulting firm. The S.E.C. accused him of sharing secret information about those companies with Mr. Rajaratnam.
A lawyer for Mr. Gupta has called the government's charges against his client "baseless." Several Goldman and P.& G. executives are on the government's witness list, including Mr. Blankfein, Goldman's C.E.O.
Mr. Dowd pleaded with the S.E.C. to wait until Mr. Rajaratnam's trial ended to file its action against Mr. Gupta, according to a court filing. He blamed the United States attorney's office for failing to persuade the S.E.C. to hold off, saying it was "a deliberate attempt to pollute this jury pool and deny Mr. Rajaratnam his right to an impartial jury."
The Indian-born Mr. Bharara, 42, who grew up in New Jersey, has been outspoken on the pervasiveness of insider trading.
"Unfortunately, from what I can see, from my vantage point as the United States attorney here, illegal insider trading is rampant," he said in a speech last October. The next month, after a judge imprisoned a defendant who admitted to insider trading, Mr. Bharara said the sentence should "remind those who might contemplate similar crimes that we will ultimately find you, prosecute you and convict you."
Mr. Rajaratnam
SriLankan born , Mr. Rajaratnam came to the United States to study business at the University of Pennsylvania's prestigious Wharton School. As a young stock picker at Needham & Company, he earned a reputation for possessing a vast network of sources in the technology industry. "Raj" means King in hindu.
Attorney John Dowd
Rajratnam's lawyer Mr. Dowd is facing off against a team of federal prosecutors led by Preet Bharara, the United States attorney in Manhattan who has led the widespread crackdown on insider trading. Since Mr. Bharara became New York's top federal prosecutor in August 2009, his office has charged 46 people with insider trading; 29 of them have pleaded guilty.
Galleon Hedge Fund
In 1997, Raj co-founded Galleon, which at its peak managed about $7 billion and was one of the largest commission payers on Wall Street. On the trading floors of the world's largest banks, he was known - like the one-named celebrities Bono and Madonna - as Raj, which he would proudly explain meant "king" in Hindi.
Mr. Rajaratnam was arrested on Oct. 16, 2009. Five others accused of being part of the insider trading conspiracy were also arrested that day. All five have since pleaded guilty.
None of those five has Mr. Rajaratnam's prodigious wealth, another factor driving Mr. Rajaratnam's gamble, say legal experts. What prevents most of their clients from taking cases to a jury, white-collar defense lawyers say, is the immense cost of a trial.
In 2009, Mr. Rajaratnam had a net worth of $1.5 billion, according to Forbes magazine. He has spared no expense in mounting his defense, with a team of lawyers from Akin Gump Strauss Hauer & Feld working around the clock since his arrest.
His legal bills have already surpassed $20 million, said a person with direct knowledge of the case who requested anonymity, and will escalate substantially during the trial.
In Mr. Dowd, 69, Mr. Rajaratnam has a lawyer with experience trying high-profile cases. A former prosecutor with a curmudgeonly countenance and a hint of a Boston accent, he is perhaps best known for his work for Major League Baseball in issuing the "Dowd Report." That report set forth a case showing that Pete Rose had bet on games as manager of the Cincinnati Reds.
He also represented John McCain, the Senator from Arizona, in a scandal involving campaign contributions from Charles Keating, the convicted savings-and-loan executive. Mr. McCain was cleared of any wrongdoing but was criticized for "poor judgment."
Mr. Dowd is facing off against a team of federal prosecutors led by Preet Bharara, the United States attorney in Manhattan who has led the widespread crackdown on insider trading. Since Mr. Bharara became New York's top federal prosecutor in August 2009, his office has charged 46 people with insider trading; 29 of them have pleaded guilty.
The Indian-born Mr. Bharara, 42, who grew up in New Jersey, has been outspoken on the pervasiveness of insider trading.
"Unfortunately, from what I can see, from my vantage point as the United States attorney here, illegal insider trading is rampant," he said in a speech last October. The next month, after a judge imprisoned a defendant who admitted to insider trading, Mr. Bharara said the sentence should "remind those who might contemplate similar crimes that we will ultimately find you, prosecute you and convict you."
The harsh rhetoric is reminiscent of the insider trading scandal of the 1980s when Rudolph W. Giuliani, then the United States attorney, prosecuted Wall Street executives for insider trading crimes, including Ivan F. Boesky and Michael R. Milken, two of the most powerful financiers of that era.
Mr. Bharara's focus on insider trading has surprised many people on Wall Street. They had expected his office to instead bring criminal charges against top executives at the large banks that were at the center of the financial crisis. But legal experts say those cases, which would have been built on e-mails that did not provide clear evidence of wrongdoing, would be very difficult to prove.
The Justice Department's insider trading investigation, though, has been helped by its aggressive use of tapping phones and pursuing confidential informants.
Federal prosecutors are expected to play recorded conversations of Mr. Rajaratnam swapping confidential information with fellow hedge fund traders and corporate sources, according to court documents. They were discussing as many as 35 stocks, including Advanced Micro Devices, Intel and Hilton Worldwide. The conversations led Mr. Rajaratnam to trade in those companies stocks based on the supposed illegal tips funneled to him.
Legal experts say that the biggest blow to Mr. Rajaratnam's defense came last November, when Judge Holwell denied his request to prohibit the government from using wiretapped conversations at trial. The government asked a federal judge in March 2008 to approve an application to tap Mr. Rajaratnam's phones after a nearly two-year investigation had stalled.
The government received approval to record Mr. Rajaratnam's telephone conversations, which it did over a nine-month stretch in 2008. More than 2,400 conversations were recorded with scores of friends and associates, according to court filings.
Mr. Rajaratnam would likely appeal a conviction, as they did before the trial, on the grounds that the use of wiretaps was unconstitutional, say several lawyers following the case.
Should a jury convict Mr. Rajaratnam, another avenue for appeal could be that the swarm of publicity surrounding the trial tainted the jury. The media storm reached a fevered pitch last week when the Securities and Exchange Commission filed a civil action against Mr. Gupta, the former Goldman and P.& G. director who for many years headed McKinsey & Company, the management consulting firm. The S.E.C. accused him of sharing secret information about those companies with Mr. Rajaratnam.
A lawyer for Mr. Gupta has called the government's charges against his client "baseless." Several Goldman and P.& G. executives are on the government's witness list, including Mr. Blankfein, Goldman's C.E.O.
Mr. Dowd pleaded with the S.E.C. to wait until Mr. Rajaratnam's trial ended to file its action against Mr. Gupta, according to a court filing. He blamed the United States attorney's office for failing to persuade the S.E.C. to hold off, saying it was "a deliberate attempt to pollute this jury pool and deny Mr. Rajaratnam his right to an impartial jury."
Federal prosecutors say they have overwhelming evidence of Mr. Rajaratnam's illicit trading. They have told Judge Richard J. Holwell, who is overseeing the case, that they could play 173 secretly recorded telephone conversations between Mr. Rajaratnam and his associates, some of whom are his supposed co-conspirators. The government says that Mr. Rajaratnam illegally traded in 35 different stocks. Nineteen traders in Mr. Rajaratnam's orbit have already pleaded guilty to insider trading, several of whom are cooperating with the government and are expected to testify.
Legal experts say that even if there is a low probability of an acquittal, there is little motivation for Mr. Rajaratnam to plead guilty now, 17 months after federal agents arrested him in his Sutton Place apartment in Manhattan on securities fraud and conspiracy charges.
"The deals you get for pleading guilty usually come early in the process, so if he were to plead now versus a guilty verdict after a trial, the sentence he would get by pleading might not be very different from the sentence after the verdict," said Mark Cohen, a partner at Cohen & Gresser and a former federal prosecutor.
Friends and former colleagues also say that the Sri Lankan-born Mr. Rajaratnam is a proud and dignified family man who maintains his innocence. A prominent philanthropist, especially to South Asian causes, Mr. Rajaratnam feels that not only his reputation rests on his vindication, but also that of the entire South Asian immigrant community and his Sri Lankan countrymen, friends say.
"If Raj pleaded, he would be admitting that he committed a crime and to admit guilt is not an option," said a former Galleon employee who worked with Mr. Rajaratnam for a decade and would speak only on the condition of anonymity. "But if a jury finds him guilty, he can say he was wrongfully convicted."
A centerpiece of Mr. Rajaratnam's defense is the so-called mosaic theory of investing. Galleon practiced a method of picking stocks built by relentlessly pressing for pieces of information about companies to form a "mosaic" - a fuller picture intended to give it an edge on other investors.
Lawyers for Mr. Rajaratnam are expected to argue that their client did not know he was trading on confidential, market-moving tips from company executives and other informants who breached a duty to not reveal the information. Instead, they will assert that Mr. Rajaratnam, like a dogged investigative journalist, worked with disparate sources to collect as much data as he could about the companies in which he invested.
"Throughout his career Mr. Rajaratnam has worked tirelessly as permitted by the securities laws to build a mosaic of public information about the companies he follows," John Dowd, his lead trial lawyer, has said. "His detailed, meticulous research into company fundamentals distinguished him as an exceptional analyst and portfolio manager."
Mr. Rajaratnam came to the United States to study business at the University of Pennsylvania's prestigious Wharton School. As a young stock picker at Needham & Company, he earned a reputation for possessing a vast network of sources in the technology industry.
In 1997, he co-founded Galleon, which at its peak managed about $7 billion and was one of the largest commission payers on Wall Street. On the trading floors of the world's largest banks, he was known - like the one-named celebrities Bono and Madonna - as Raj, which he would proudly explain meant "king" in Hindi.
Mr. Rajaratnam was arrested on Oct. 16, 2009. Five others accused of being part of the insider trading conspiracy were also arrested that day. All five have since pleaded guilty.
None of those five has Mr. Rajaratnam's prodigious wealth, another factor driving Mr. Rajaratnam's gamble, say legal experts. What prevents most of their clients from taking cases to a jury, white-collar defense lawyers say, is the immense cost of a trial.
In 2009, Mr. Rajaratnam had a net worth of $1.5 billion, according to Forbes magazine. He has spared no expense in mounting his defense, with a team of lawyers from Akin Gump Strauss Hauer & Feld working around the clock since his arrest.
His legal bills have already surpassed $20 million, said a person with direct knowledge of the case who requested anonymity, and will escalate substantially during the trial.
In Mr. Dowd, 69, Mr. Rajaratnam has a lawyer with experience trying high-profile cases. A former prosecutor with a curmudgeonly countenance and a hint of a Boston accent, he is perhaps best known for his work for Major League Baseball in issuing the "Dowd Report." That report set forth a case showing that Pete Rose had bet on games as manager of the Cincinnati Reds.
He also represented John McCain, the Senator from Arizona, in a scandal involving campaign contributions from Charles Keating, the convicted savings-and-loan executive. Mr. McCain was cleared of any wrongdoing but was criticized for "poor judgment."
Mr. Dowd is facing off against a team of federal prosecutors led by Preet Bharara, the United States attorney in Manhattan who has led the widespread crackdown on insider trading. Since Mr. Bharara became New York's top federal prosecutor in August 2009, his office has charged 46 people with insider trading; 29 of them have pleaded guilty.
The Indian-born Mr. Bharara, 42, who grew up in New Jersey, has been outspoken on the pervasiveness of insider trading.
"Unfortunately, from what I can see, from my vantage point as the United States attorney here, illegal insider trading is rampant," he said in a speech last October. The next month, after a judge imprisoned a defendant who admitted to insider trading, Mr. Bharara said the sentence should "remind those who might contemplate similar crimes that we will ultimately find you, prosecute you and convict you."
The harsh rhetoric is reminiscent of the insider trading scandal of the 1980s when Rudolph W. Giuliani, then the United States attorney, prosecuted Wall Street executives for insider trading crimes, including Ivan F. Boesky and Michael R. Milken, two of the most powerful financiers of that era.
Mr. Bharara's focus on insider trading has surprised many people on Wall Street. They had expected his office to instead bring criminal charges against top executives at the large banks that were at the center of the financial crisis. But legal experts say those cases, which would have been built on e-mails that did not provide clear evidence of wrongdoing, would be very difficult to prove.
The Justice Department's insider trading investigation, though, has been helped by its aggressive use of tapping phones and pursuing confidential informants.
Federal prosecutors are expected to play recorded conversations of Mr. Rajaratnam swapping confidential information with fellow hedge fund traders and corporate sources, according to court documents. They were discussing as many as 35 stocks, including Advanced Micro Devices, Intel and Hilton Worldwide. The conversations led Mr. Rajaratnam to trade in those companies stocks based on the supposed illegal tips funneled to him.
Legal experts say that the biggest blow to Mr. Rajaratnam's defense came last November, when Judge Holwell denied his request to prohibit the government from using wiretapped conversations at trial. The government asked a federal judge in March 2008 to approve an application to tap Mr. Rajaratnam's phones after a nearly two-year investigation had stalled.
The government received approval to record Mr. Rajaratnam's telephone conversations, which it did over a nine-month stretch in 2008. More than 2,400 conversations were recorded with scores of friends and associates, according to court filings.
Mr. Rajaratnam would likely appeal a conviction, as they did before the trial, on the grounds that the use of wiretaps was unconstitutional, say several lawyers following the case.
Should a jury convict Mr. Rajaratnam, another avenue for appeal could be that the swarm of publicity surrounding the trial tainted the jury. The media storm reached a fevered pitch last week when the Securities and Exchange Commission filed a civil action against Mr. Gupta, the former Goldman and P.& G. director who for many years headed McKinsey & Company, the management consulting firm. The S.E.C. accused him of sharing secret information about those companies with Mr. Rajaratnam.
A lawyer for Mr. Gupta has called the government's charges against his client "baseless." Several Goldman and P.& G. executives are on the government's witness list, including Mr. Blankfein, Goldman's C.E.O.
Mr. Dowd pleaded with the S.E.C. to wait until Mr. Rajaratnam's trial ended to file its action against Mr. Gupta, according to a court filing. He blamed the United States attorney's office for failing to persuade the S.E.C. to hold off, saying it was "a deliberate attempt to pollute this jury pool and deny Mr. Rajaratnam his right to an impartial jury."
Wife was ordered to provide oral sex in USA
Posted by:
Oral sex fixation
()
Date: August 14, 2009 05:43PM
Sita came to the US on a fiancée visa, after getting engaged to a man her parents, back home in India, thought suitable. Little did this conventional Indian girl, who could not even speak much English, expect that her fiancé would demand oral sex soon after she arrived. When she refused, he began beating her. His parents, who were also in the US and knew what was happening, looked the other way.
Re: Wife was ordered to provide oral sex in USA
Posted by:
It is the culture
()
Date: August 14, 2009 05:46PM
"It is not too hard to find the reasons why such abuse occurs," "Look at the way boys are raised in any culture, especially Indian cultures. We teach them that they are superior and have a right to get what they want, even if it means using violence to get it. How many times have we heard these phrases uttered to boys and men: ‘Don't cry like a girl, be a man; Don't be afraid of a woman, just put her in her place.' Then we wonder why an educated, cultured boy would hit his wife or girlfriend! Once this kind of attitude towards women sets in, no amount of college education can erase it. Besides, the process of immigration and acculturation can put additional stress on a relationship. The pressures of ‘making it' in the US, coupled with easy access to alcohol and the absence of extended family support, may exacerbate a potentially violent relationship."