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Banker To Be Indicted In TXU Insider Trading Case

Law360 (May 24, 2007, 12:00 AM EDT) -- An investment banker from Pakistan will be indicted by the Department of Justice for allegedly trading on insider information in the days leading up to the $32 billion buyout of energy company TXU Corp.

Federal prosecutors have informed Ajaz Rahim that he will be indicted on charges of insider trading, according to court documents filed earlier this week.

Rahim, who serves as the head of investment banking at Faysal Bank, has resisted coming to the United States to give a deposition in the case, claiming that...
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