A former Moody’s analyst has been ordered to pay $34.6 million for his role in an insider trading scheme, the Securities and Exchange Commission said Wednesday.

Deep Shah was charged in 2009 with participating in a scheme that included Galleon Management and its founder, hedge fund billionaire Raj Rajaratnam. Shah allegedly provided confidential information about corporate acquisitions, including Blackstone Group’s 2007 purchase of Hilton Hotels.

Shah is believed to be in India and has not responded to the SEC’s civil complaint, the agency said. A federal judge issued a default judgment against him Tuesday. The $34.6 million includes a penalty of $24.6 million and $8.2 million to cover his ill-gotten gains along with those of others who profited from his tips, the SEC said.

Rajaratnam was convicted on criminal charges earlier this year.

In a related complaint, the Justice Department said Shah provided inside information in exchange for cash.