Raj Rajaratnam allowed Newsweek to interview him. It was his first interview since his arrest two years ago. In the interview, Rajaratnam discussed his arrest, interrogation and the deal the FBI was willing to make with him.
Raj Rajaratnam’s Interview Comments ‘Inaccurate’
There is some discrepancy over the information Rajaratnam discussed reports Bloomberg. “A number of his assertions are inaccurate,” said Ellen Davis, a spokeswoman for Preet Bharara, the prosecuting attorney whose office, along with the FBI, has prosecuted more than 50 people for insider trading. The FBI also disagrees with the comments Rajaratnam made in his interview. There were comments attributed to FBI agents that FBI spokesman Jim Margolin says “were never uttered.”
Raj Rajaratnam Says He Was Offered a Deal
In his interview, Raj Rajaratnam talked about an eight hour interrogation and claims he was offered a deal. Specifically, if he would “cooperate” in the insider trading probe against Rajat Gupta, he would be given a deal. This deal would cut his prison time to five years and leave him eligible for parole after 85% of the time was served, if he demonstrated “good behavior.” Rajaratnam claimed in the interview that he was still being offered the deal as late as two weeks before his sentencing. Rajaratnam ended up receiving 11 years.