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| Politics
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| Preet Bharara on insider trading, |
| Preet Bharara on insider trading, Rajat Gupta, and wire-taps
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| UNITED STATES OF AMERICA
, 1-August-2012
2:44:45 AM |
| He has been called the Sheriff of Wall Street. The US Attorney for the Southern District of New York, Preet Bharara - the man who has successfully brought insider trading cases against the likes of Raj Rajaratnam and former Goldman Sachs Director Rajat Gupta - tells NDTV that Insider Trading is pervasive on Wall Street.
Speaking exclusively to NDTV's Sarah Jacob, Mr Bharara says the clean up does not end with Rajaratnam and Gupta. His office is continuing to track down insider traders and that the revelation that such activities will be prosecuted should act as a deterrent in the future.
NDTV: In the 1987 film Wall Street, Gordon Gekko's character had one of the most memorable lines in Hollywood- "Greed is good." Joining us now is a man who is making folks on Wall Street wait, pause and hold that thought! US Attorney for the Southern District of New York, Mr Preet Bharara, thank you so much for speaking to NDTV.
TIME Magazine has called you "The man who is busting Wall Street," the Washington Post says you're the new "Sheriff of Wall Street." The Huffington Post called you the "Scourge of Wall Street" -- meaning it as a compliment. You will probably say you are just doing your job but how do these headlines make you feel? Do you resent it or do you embrace it?
Preet Bharara: You don't think too much about headlines. If you're thinking too much about headlines then you're not doing your job as a prosecutor. And any headline that talks about the work I am doing is short-shifting the work the people in my office are doing-- we have 450 people, 230 of whom are among the finest lawyers in the country, if not the world. So, while it's nice for my Mom, my Mom likes the headlines but for someone who is trying to put their head down and do their job, you don't pay too much attention to it.
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