Fraud Seen In Sale of Albertsons

An executive with an advisory firm charged with selling the Albertsons chain tipped off a financial analyst that the massive deal was imminent, and the subsequent trading of Albertsons stock netted $3.6 million in illegal profits, according to a lawsuit filed in U.S. District Court here last week. Ramesh Chakrapani, a managing director in Blackstone Group's mergers and acquisitions practice,

NEW YORK — An executive with an advisory firm charged with selling the Albertsons chain tipped off a financial analyst that the massive deal was imminent, and the subsequent trading of Albertsons stock netted $3.6 million in illegal profits, according to a lawsuit filed in U.S. District Court here last week.

Ramesh Chakrapani, a managing director in Blackstone Group's mergers and acquisitions practice, was arrested and charged with conspiracy and securities fraud, according to

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