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Intel employee linked to Galleon case left company

Updated:2010/1/29 09:14

Tags:Intel

 Intel Corp (INTC.O) said Rajiv Goel, the manager involved in the Galleon insider trading case, is no longer working for the chipmaker.

Goel, a director in Intel's treasury department, left Intel in late 2009, "just before the first of the year," Intel spokesman Chuck Mulloy said on Thursday. He declined to provide details about the circumstances of Goel's departure.

Goel is among more than 20 individuals accused in what is being called the largest ever hedge fund insider trading scheme, generating more than $20 million in illegal profits over several years. At the center of the case is Raj Rajaratnam, the founder and manager of the Galleon Group hedge fund, who has been charged with making illegal trades in the stocks of tech companies including Advanced Micro Devices Inc (AMD.N) and Sun Microsystems Inc. [N27178652]

Intel's Mulloy said that Goel was placed on administrative leave after his arrest in October. Mulloy would not comment on the status of the company's internal investigation into the affair.

 sourcce:reuters

 Source£ºsourcce:reuters

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