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GALLEON INNOCENT PLEA

GALLEON hedge fund founder Raj Rajaratnam (above) and co-defendant Danielle Chiesi yesterday pleaded innocent to charges of securities fraud in what US prosecutors describe as the biggest hedge fund insider trading case ever. Sri Lankan-born Rajaratnam, 52, is the most prominent defendant among 21 people criminally or civilly charged in an insider trading case involving employees of some of America’s best-known companies.