Rajaratnam defence takes aim at Goldman evidence (Reuters)

NEW YORK (Reuters) - Convicted hedge fund founder Raj Rajaratnam is in prison, but the jurors of a separate insider trading trial of former Goldman Sachs Group Inc and Procter & Gamble Co board member Rajat Gupta will hear his voice in court on FBI wiretaps. A federal judge in New York made a preliminary ruling on Wednesday to allow prosecutors to play a recorded telephone conversation from July 29, 2008, between Rajaratnam and Gupta, whose trial starts next Monday. Over defense objections, U.S. ...

Reuters - Raj Rajaratnam did not pick stocks alone. He had a team of researchers at his Galleon Group hedge fund to grind through the rumor mill and anticipate a good bet.

NEW YORK (Reuters) - Evidence in the insider-trading case against businessman Rajat Gupta is "overwhelming," a prosecutor told jurors at the trial's close on Wednesday, saying Gupta helped hedge fund manager Raj Rajaratnam make millions through secret stock tips. Gupta's lawyers argued the former Goldman Sachs Group Inc board member had no reason to illegally leak information to Rajaratnam and that the government's case is circumstantial. A lawyer for Gupta will deliver the defense summation later on Wednesday in the U.S. District Court trial in Manhattan. ...

(Reuters) - Former Goldman Sachs Group Inc dir