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| U.S. jury rejects insider trading case, ends prosecutor streak | |  By Nate Raymond NEW YORK (Reuters) - Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, was cleared on Tuesday of conspiring to engage in insider trading while at the hedge fund, ending a five-year winning streak by U.S. prosecutors. A federal jury in New York found Rengan Rajaratnam, a former portfolio manager at Galleon, not guilty of the one conspiracy count he faced following the mid-trial dismissal by a judge of two more serious fraud charges. The verdict came more than three years after jurors in the same courthouse convicted Raj Rajaratnam, 57, for engaging in insider trading in a scheme that resulted in $63.8 million in illicit profit, earning him an 11-year prison sentence. Before Tuesday, a crackdown on insider trading led by Manhattan U.S. Attorney Preet Bharara's office had resulted in the conviction of 81 individuals in consecutive cases since October 2009.
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| Somali presidential compound attacked, president safe | | | By Feisal Omar and Abdirahman Hussein MOGADISHU (Reuters) - Islamist militants attacked Somalia's presidential compound on Tuesday with a car bomb and gunmen broke through a perimeter wall but were repulsed by security forces, and the president was not there at the time, the interior ministry said. Up to five members of the al Shabaab Islamist group, which claimed responsibility, were killed, Interior Minister Abdullahi Godah Barre told Reuters. The assault was the most dramatic in a string of attacks in the capital Mogadishu by al Shabaab since it launched a campaign during the current Muslim fasting month of Ramadan. It was the second time since February that al Shabaab had attacked the sprawling compound, which includes the presidential buildings and other government offices. |
| Obama tells Afghanistan's Abdullah fraud charges merit review | |  U.S. President Barack Obama spoke with Afghan presidential contender Abdullah Abdullah on Monday night to call for calm and dialogue and urge review of fraud charges in that country's election, the White House said on Tuesday. "The president made clear ... that we expect a thorough review of all reasonable allegations of fraud, that there is no justification for resorting to violent or extra-constitutional measures," White House spokesman Josh Earnest said at a briefing.
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| Moscow accuses United States of "kidnapping" Russian hacker | | | WASHINGTON/MOSCOW (Reuters) - Russia accused the United States on Tuesday of violating a bilateral treaty and "kidnapping" a Russian accused of hacking into U.S. retailers' computer systems to steal credit card data. The U.S. Department of Homeland Security on July 5 arrested Roman Valerevich Seleznev, the son of a Russian lawmaker, for what it said were crimes carried out from 2009 to 2011. The 30-year-old's father Valery Seleznev, a deputy in Russia's lower house, said in a statement he "intends to take all necessary steps to protect his lawful interests." Roman Seleznev was apprehended in an airport in the Maldives, the Russian Foreign Ministry said. "This is not the first time the U.S. side, ignoring a bilateral treaty ... on mutual assistance in criminal matters, has gone ahead with what amounts to the kidnapping of a Russian citizen." Seleznev was indicted in Washington state in March 2011 on charges including bank fraud, causing damage to a protected computer, obtaining information from a protected computer and aggravated identity theft, the U.S. agency said in a statement. |
| Executive in World Cup ticket scalping probe released | |  By Brian Homewood RIO DE JANEIRO (Reuters) - Ray Whelan, the chief executive of a hospitality firm arrested in connection with an investigation into VIP ticket scalping at the World Cup, was released on Tuesday after spending the night in custody. His company, MATCH, said the Englishman was released in Rio de Janeiro and that he will assist police with further enquiries."MATCH have complete faith that the facts will establish that he has not violated any laws," it said in a statement, adding that Whelan would continue with his work at the World Cup. "MATCH will continue to fully support all police investigations, which we firmly believe will fully exonerate Ray." Whelan was arrested at Rio's beachfront Copacabana Palace hotel as a result of Operation Jules Rimet in which 12 people have been arrested following investigations into the illegal resale of tickets for the tournament. The investigation has further sullied the reputation of world soccer's governing body FIFA, which was already facing allegations of bribery surrounding Qatar's successful bid to host the 2022 World Cup.
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| No more naked Apollos on Russian banknotes, lawmaker says | | | Naked images of the Greek God Apollo have graced buildings and paintings for centuries, but his disrobed body has so shocked one Russian lawmaker that he wants to change the country's 100-rouble banknote. The note, worth less than $3, depicts an image of a statue of Apollo riding a four-horse chariot atop the Bolshoi Theatre, one of Russia's main cultural symbols. "You can see clearly that Apollo is naked, you can see his genitalia," Roman Khudyakov, a member of parliament for the nationalist LDPR party, told Reuters Television. I was shocked, you know." The call coincides with growing conservatism in President Vladimir Putin's third term, during which he has courted the Russian Orthodox Church. |
| Currency, maritime disputes at stake in U.S.-China talks | |  By Lesley Wroughton and Michael Martina BEIJING (Reuters) - The United States pressed China to implement structural reforms in its exchange rate and to modify its "aggressive behaviour" in disputed waters during a preliminary round of bilateral talks on Tuesday, senior U.S. officials said. The United States, led by U.S. Secretary of State John Kerry and Treasury Secretary Jack Lew, will also push China this week to resume cooperation on fighting cyber espionage and return to dialogue on internet issues, a senior U.S. official said.
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| U.S. warns Afghans against forming 'parallel government' | |  By Mohammad Aziz and Mirwais Harooni KABUL (Reuters) - The United States warned on Tuesday that it would withdraw financial and security support from Afghanistan if anyone tried to take power illegally, as supporters of presidential candidate Abdullah Abdullah rallied in Kabul for a parallel government. Preliminary results announced on Monday gave Ashraf Ghani, a former World Bank official, 56.44 percent in the run-off on June 14, but Abdullah immediately rejected the outcome, saying the vote had been marred by widespread fraud. Thousands of Abdullah's supporters gathered in the capital Kabul, demanding that he form a parallel government, a move likely to plunge a country already beset by deep ethnic divisions into even greater disorder. Underscoring the magnitude of the crisis, Abdullah said U.S. Secretary of State John Kerry, who is currently in Beijing, would visit Kabul on Friday.
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| Yemeni Shi'ites capture city after fighting kills 200 | | | By Mohammed Ghobari SANAA (Reuters) - Shi'ite Muslim fighters captured one of the main cities in northern Yemen on Tuesday, a local official and residents said, after fighting that has killed at least 200 people and puts the Shi'ites on the outskirts of the capital. The imamate ended in a 1962 military coup. |
| Insider trading trial of Rajaratnam's brother goes to jury | |  By Nate Raymond NEW YORK (Reuters) - Jurors began deliberating on Tuesday in the trial of Rengan Rajaratnam, younger brother of Galleon Group hedge fund founder Raj Rajaratnam, who prosecutors say conspired to engage in insider trading. The federal jury in New York will weigh Rajaratnam's guilt on a single conspiracy count, after a judge last week dismissed two more charges that the former Galleon Group fund manager engaged in securities fraud by trading on inside information. Four other securities fraud charges were dropped before the trial began, including two that U.S. District Judge Naomi Reice Buchwald said were "inconsistent" with other sections of the indictment.
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