Raja Raj falls, charged with serious offence Raj Rajaratnam, founder of Galleon Group, a New York-basedhedge fund, arrested for insider trading describes himself asa ‘focused’ man. His favourite quote: “Only the paranoidsurvive.”

How he will survive now is however a million-dollar question.He is among the six arrested in connection with thelargest hedge fund insider-trading ever, which includes twoIndian Americans and a Sri Lanka-born billionaire.

Besides the Tamil-origin Raj Rajaratnam, the two IndianAmericans Rajiv Goel, director, strategic investments at Inteland Anil Kumar, a director at McKinsey were arrested in the$20 million hedge fund insider-trading case.

Jim Walden, Rajaratnam’s attorney, said his client is innocentand will fight against the insider-trading charges.Rajaratnam has been released on a bail of $100 million. Hehas to limit his travel to a 110 mile radius of New York city and has surrendered his passports to the court.

If convicted all of them face imprisonment of up to 20years, according to the indictment, which reads that the defendants”routinely received insideinformation directly or indirectlyfrom insiders and provided it to each other for the purposeof trading based on the information.