Just in the nick of time.
The younger brother of former hedge-fund titan Raj Rajaratnam was indicted by a grand jury for alleged insider trading, federal prosecutors and the Federal Bureau of Investigation announced Thursday.
U.S. officials had a faced an approaching deadline to file charges against Rajarengan Rajaratnam, who goes by Rengan, near the five-year anniversary of certain alleged illegal trading he was involved in along with his brother. Rengan Rajaratnam, 42 years old, has been living in Brazil. It wasn’t immediately clear if he would agree to return to the U.S. to face the charges, or if he would face extradition proceedings.