Tuesday, October 20, 2009

Raj Rajaratnam's Letter To Clients And Employees

Raj Rajaratnam, biilionaire hedge fund manager, who has been arrested on insider trading charges, has issued the following letter:

Dear Galleon Employees, Clients and Friends:

During this challenging time, I wanted to take a moment to address you directly. As I am sure you understand, I am not able to respond in detail to the charges recently brought against me. But let me be clear: they are, without exception, entirely baseless. I am innocent and will vigorously defend myself and our firm.

As I move forward on my defense, I want to assure you that our commitment to our investors and employees will remain unwavering. I will continue to be here working for Galleon, and the firm will continue to serve its clients with effectiveness and integrity. Thank you for your ongoing support.



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