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Sep 21, 2011 6:29:22 AM - itnnews.lk

Tiger loyalist Raj Rajaratnam may get the longest prison term ever for the crime of insider trading.

Sri Lankan born Rajaratnam, who is a resident of the United States may become the first person to get a 24 years prison term if the Federal District Court in Manhattan issues a sentence on the 27th of this month. The New York Times website referred to a previous instance when the US government wanted Rajaratnam’s prison term to be increased from 19 years to 24 years based on federal sentencing guidelines. The US government meanwhile stated that Rajaratnam did not deserve leniency because he was a “fundamentally deceptive and dishonest person” who had lied under oath in a deposition and had tried to cover up his crimes.