News India Times
September 11, 2015
12
– that’s all you need to know
Community
–NEWYORK
A
young Silicon Valley
investment banker of
Indian descent and two
of his friends have been
charged with insider trading in
a scheme that allegedly netted
them more than $600,000,
Assistant Attorney General
Leslie Caldwell announced
Sept. 1.
J.P. Morgan Securities ana-
lyst Ashish Aggarwal and his
friends,who surrendered to the
Federal Bureau of
Investigation (FBI) and were
arrested, face securities fraud,
conspiracy and wire fraud
charges, Caldwell said.
Aggarwal, 27, who worked
in the JP Morgan San
Francisco office, allegedly got
inside information about
upcoming mergers and acqui-
sitions which he shared them
with his friend Shahriyar
Bolandian, 26. He in turn
relayed them to another
friend, and Kevan Sadigh, 28,
the FBI said in a press release.
Bolandian and Sadigh then
allegedly used the inside infor-
mation to trade in advance of
the public announcements of
Integrated Device Technology
Inc.’s April 2012 planned
acquisition of PLX Technology
Inc., and Salesforce.com Inc.’s
June 2013 acquisition of
ExactTarget Inc., the FBI said.
Their $600,000-profit appar-
ently didn’t finance luxuries.
The FBI said they allegedly
used the profits to pay off lia-
bilities and cover the trading
losses of Bolandian and
Sadigh. Aggarwal is the latest
person of Indian origin to face
insider trading charges in the
US. Rajat Gupta, a former CEO
of the consultancy company,
McKinsey, is the best known of
them and was convicted in
2012 for insider trading with
Raj Rajaratnam, a hedge fund
operator of Sri Lankan origin.
Anil Kumar, a former
McKinsey employee, pleaded
guilty in the samw case.
In April this year, Amit
Kanodia, a private equity
investor, and Iftikar Ahmed, a
general partner at a venture
capital firm, were charged with
insider trading.
Attorney Shivbir Grewal and
his wife, Preetinder Grewal,
were charged last December
with insider trading.
Last September, hedge fund
portfolio manager Matthew
Martoma received a nine-year
sentence for insider trading.
– IANS
Bya Staffwriter
Seven-year-old Brandon
Beharry and his brother, four-
year old Brian, were to go to
their Long Branch, Monmouth
County, New Jersey school
Sept. 3 when classes would
resume, but in a tragic fire at
their home that police now
suspect was actually a murder-
suicide pact, the two perished
along with their parents, father
Lyndon Shane Beharry, 30, and
his common law wife, 29-year-
old Amanda, Sept. 1.
Lyndon Beharry, who is
originally from Trinidad, was
an employee of the Long
Branch Department of Public
Works. Police could not imme-
diately say the reason behind
the murder-suicide pact.
Monmouth County First
Assistant prosecutor Marc
LeMieux had said during a
press conference last week
that a family of four died in a
fire he called “not accidental”
and were found to have other
injuries.
“We are not ruling out the
potential that there was a
homicide and then an ultimate
suicide, at this point. However,
I cannot confirm that at this
time,” LeMieux said.
While the cause of death is
still pending additional stud-
ies, which will not be available
for several weeks, authorities
said Sept. 4 that
Lyndon Shane Beharry
shot Amanda and their
two children to death
before setting the
house on fire and then
turning the gun on
himself.
“All four individuals
have injuries that are
consistent with gun-
shot wounds,” the
prosecutor’s office
said. “The deaths of
29-year-old Amanda
Morris and her sons,
Brandon Beharry, 7
and Brian Beharry, 4,
have been ruled homi-
cides. Lyndon
Beharry’s sole injury
was determined to be
a self-inflicted gunshot
wound,” the prosecu-
tor’s office said.
All four were dead before
the law enforcement officials
reached the spot on receiving
a call from a neighbor about a
fire in a home.
According to Ashbury Park
Press, the scene quickly turned
frantic. Smoke and flames
were visible from inside the
two-family home at 245 Joline
Ave. Neighbor Manny Jones
tried to break down the door,
without success. Beneath the
gap of the entryway, Jones said
he saw flames spreading
inside.
Firefighters swarmed the
scene and broke into the
house from a side door to
quickly knock down the blaze
only to discover four bodies
that prosecutors say are possi-
bly result of a triple murder
and possible suicide.
Prosecutors said they found
injuries on the bodies unrelat-
ed to the fire and traces of
flames breaking out in several
spots throughout the two-
story house.
But the assertion by author-
ities that the tragedy may have
been the result of a
murder-suicide pact
had earlier irked
Beharry’s neighbor and
cousin.
“We were like broth-
ers. We would go to the
water parks with the
kids on the weekends. I
don’t know how they
could say this. They
lived very happily,”
Ronald Beharry, a
neighbor and cousin
was quoted as saying .
“This is one (case)
that is totally incompre-
hensible,” said Mayor
Adam Schneider, who
knew the family. “None
of this is making any
sense to any of us.”
Lyndon Beharry was
a 16-year veteran of the
city’s Department of Public
Works, where he worked as a
mechanic. “He was an excel-
lent mechanic and a very
good-natured person,” news
reports quoted Fred
Migliaccio, the department’s
director, as saying.
Superintendent Michael
Salvatore said in a statement
that their deaths “casts a sad
shadow” over the community.
“The entire LBPS family is
mourning this tragedy. It is
only with our collective
strength and prayer that we
will be able to move forward,”
he said.
N.J. Parents, Kids Die In Suspected Murder-suicide Pact
Silicon Valley
Securities Analyst
Charged With
Insider Trading
Trinidadian Lyndon Shane Beharry,
his common law wife Amanda Morris
and their two children, Brandon and
Brian, in a family photo.
By Arun Kumar
WASHINGTON
A
n Indian woman execu-
tive who sued Uber
after allegedly being
raped by a driver for the cab-
hailing service in India has
voluntarily withdrawn her
lawsuit, a media report said
citing a court filing.
The 26-year-old woman
filed her lawsuit in January in
the U.S., about a month after
she was allegedly raped and
assaulted on a Uber ride in
Delhi. The woman’s alleged
attacker, Shiv Kumar Yadav,
was quickly arrested and con-
fessed to the crime a week
later during interrogation,
according to Delhi Police. He
is currently awaiting trial in
India.
The filing with the US
District Court for the Northern
District of California Sept. 1
did not state whether there
were any terms involved with
the withdrawal, CNet.com
reported.
Representatives for Uber
and the alleged victim
declined to comment.
The woman’s New York-
based attorney Douglas
Wigdor could not immediately
be reached for comment.
In her original lawsuit, the
alleged victim accusing the
web-based US taxi firm of
focusing on profit over the
safety of its passengers, sought
unspecified damages and for
Uber to “overhaul” its safety
measures.
The woman detailed 13
separate safety measures she
believes the company should
adopt, including requiring
drivers to install “tamper-
proof” video cameras in their
cars that would trigger an
alarm if disabled.
“Uber’s focus on its bottom
line over the safety of its pas-
sengers has resulted in what
can only be described as mod-
ern day electronic hitchhik-
ing,” Wigdor said at that time.
“We hope that this lawsuit
will bring about positive
change that will ultimately
protect people worldwide who
are unaware of the serious
risks of entering into an Uber
car,” Wigdor added.
Uber CEO Travis Kalanick
initially also called the crime
“horrific” and said the compa-
ny would do “everything to
help bring this perpetrator to
justice”.
But the company argued in
April that the lawsuit should
be dismissed because the
company had no relationship
with the defendant and
because the lawsuit could not
be brought in the US.
“While the plaintiff
undoubtedly can state a claim
against her alleged assailant,
she cannot state a claim
against Uber US, which is the
wrong party,” Uber wrote in its
motion, saying that Yadav was
working for Uber BV, a
Netherlands-based overseas
operation. “Nor does
California law govern a dis-
pute involving an alleged
wrong committed by one
Indian citizen against another
Indian citizen, in India.”
Uber Rape: Indian Woman Withdraws U.S. Case
“Nor does California
law govern a dispute
involving an alleged
wrong committed by
one Indian citizen
against another Indian
citizen, in India.”
