Indian-Origin Hedge Fund Manager Commits Suicide
Valvani was arrested last week and accused of insider trading.
Sanjay Valvani, an Indian-origin hedge fund manager charged with insider trading last week, was found dead at his home in an apparent case of suicide.
Valvani, 44, who worked as a portfolio manager with hedge-fund firm Visium Asset Management LP, was accused of trading on confidential information about generic-drug approvals.
He was found dead on Tuesday by his wife in the bedroom of their Brooklyn home with a slash wound on his neck. A knife and a suicide note near his body was discovered by police officers, a New York Police Department spokesperson said.
Valvani is survived by his wife, Harjot Sandhu, a former teacher and reading specialist.
Valvani was accused of having fraudulently made $25 million by getting advanced information about the US Food and Drug Administration (FDA) approvals of generic drug applications.
(With agency inputs)
(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)