Founder of VC-backed ShopClues faces US charges
Sandeep Aggarwal, founder of VC-backed Indian e-commerce site ShopClues, has been arrested in the US in connection with the SAC Capital Advisors insider trading investigation. He is charged with passing confidential information to a trader concerning Microsoft’s partnership with Yahoo in 2009.
At the time, Aggarwal was an internet analyst at research firm Collins Stewart, covering Microsoft and Yahoo. According to the Securities & Exchange Commission (SEC) complaint, a friend at Microsoft gave...
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