New York: America's FBI officials are still searching for Indian-origin Deep Shah, a former analyst at Moody's Investors Service who is believed to be in Mumbai, in connection with the $53 million insider trading scam, the largest ever such case in the United States.
Shah, 27, and Gautam Shankar, 35, join two other Indians to be implicated in what is being described as the largest ever insider trading scandal to hit the US.
Earlier, Rajiv Goel, director in strategic investments at Intel Corp's investment arm, and Anil Kumar, a director at global management-consulting firm McKinsey & Co, both 51, have been charged for fraud.
In October, one of richest men in America and Galleon Group founder Rajaratnam was charged in the insider-trading case. He received 13 charges, four counts of conspiracy and eight counts of security fraud.
It is not clear at this point whether the US will request for his extradition or whether he can be tried in India.
He is also said to be guilty of passing on inside information about Hilton takeover announcement and Google's earnings announcements.
Galleon Group is a hedge fund with up to $7 billion in assets under management. Out of illegal profits of $20 million, Rajaratnam alone made $12.7 million in illegal profits for Galleon.
"People will probably ask just how pervasive is insider trading these days? Is this just the tip of the iceberg?" US Attorney Preet Bharara told reporters.
"We aim to find out," Bharara said and urged other parties involved in the scandal to fess up. "I urge you to come knocking on our door before we come knocking on yours."
Shah, 27, and Gautam Shankar, 35, join two other Indians to be implicated in what is being described as the largest ever insider trading scandal to hit the US.
Earlier, Rajiv Goel, director in strategic investments at Intel Corp's investment arm, and Anil Kumar, a director at global management-consulting firm McKinsey & Co, both 51, have been charged for fraud.
In October, one of richest men in America and Galleon Group founder Rajaratnam was charged in the insider-trading case. He received 13 charges, four counts of conspiracy and eight counts of security fraud.
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It is not clear at this point whether the US will request for his extradition or whether he can be tried in India.
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He is also said to be guilty of passing on inside information about Hilton takeover announcement and Google's earnings announcements.
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Galleon Group is a hedge fund with up to $7 billion in assets under management. Out of illegal profits of $20 million, Rajaratnam alone made $12.7 million in illegal profits for Galleon.
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"People will probably ask just how pervasive is insider trading these days? Is this just the tip of the iceberg?" US Attorney Preet Bharara told reporters.
"We aim to find out," Bharara said and urged other parties involved in the scandal to fess up. "I urge you to come knocking on our door before we come knocking on yours."
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