The fallen (Galleon Group) hedge fund billionaire Raj Rajatatnam received the longest prison sentence on record (11-year term) along with a fine of $ 10 million for insider trading on Thursday (October 13, 2011), a watershed moment in the US federal government's aggressive two-year campaign to root out the illegal exchange of confidential information on Wall Street. This case will be the wake-up call for all those who want to pursue profit through corrupt means.
In keeping with the federal sentencing guidelines passed in 1987 the judgments these days are quite severe in awarding prison terms for white-collar criminals.
A similar trend in Indian democracy is preferred in the case of those civil servants who work for the self-interest of the top politicians by mortgaging their consciousness and the public interest day-in and day-out. The problem would be how to collect evidence and prosecute those individuals with long-term sentences befitting the quantum of illegal sums cornered by such persons while in office. It is possible only when the higher judiciary gains courage and concludes criminal cases in the least time-frame.
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