Adam Smith: Raj Gave Me The Green Light To Break The Law

green traffic light

Photo: Kurt Rhodes via Flickr

Adam Smith has taken the stand this morning in the insider trading trial of Raj Rajaratnam.The former Galleon portfolio manager said “his ex-boss gave him the green light to break the law by gathering secrets about the technology industry,” the AP reports.

Adam Smith testified Tuesday that Raj Rajaratnam’s Galleon firm used the information to “get an edge” on massive trades.”

So far that’s all we’ve heard about his testimony, but more details to come this afternoon.

Now meet Adam Smith >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at