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Rajat Gupta fined USD 13.9 million for insider trading

NEW YORK: India-born former Goldman Sachs Director Rajat Gupta, convicted of insider trading, has been ordered to pay a hefty USD 13.9 million civil penalty and permanently barred from acting… Read more »

Rajat Gupta

Rajat Gupta ordered to pay USD 6.2 mln to Goldman

NEW YORK: India-born former Goldman Sachs director Rajat Gupta has been ordered to pay USD 6.2 million for legal expenses incurred by his former employer during his trial in one… Read more »

Rajat Gupta

Rajat Gupta seeks new trial, reversal of conviction

NEW YORK:¬†India-born former Goldman Sachs director Rajat Gupta has asked a US court for a new trial to reverse his conviction on insider trading charges, arguing that the district judge… Read more »

Rajat Gupta

I lost my reputation, says apologetic Rajat Gupta

NEW YORK: A devastated India-born former Goldman Sachs director Rajat Gupta, who was sentenced on Thursday for insider trading crimes, said he has lost his reputation built over a lifetime… Read more »

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Gupta asks for probation; prosecutors seek 8-10 years jail-term

NEW YORK: US prosecutors have sought 8 to 10 years in jail for Indian-American former Goldman Sachs director Rajat Gupta for his “shocking” insider trading crimes even as he pleaded… Read more »

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Goldman pays large chunk of $30 mn legal fee for Rajat Gupta

NEW YORK: Financial services firm Goldman Sachs has paid a large chunk of the nearly USD 30 million legal fees for its former board member Rajat Gupta’s defense, a media… Read more »

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No verdict in Gupta’s trial on first day of jury deliberations

NEW YORK: Jurors in the insider-trading trial of former Goldman Sachs director ¬†ended their first day of deliberations without reaching a verdict after the defense sought a not-guilty verdict for… Read more »

Rajat Gupta

Gupta will not testify in his own defense

NEW YORK: Former Goldman Sachs director Rajat Gupta will not testify in his own defense at his insider trading trial, a decision taken after “substantial reflection and consideration”, his lawyer… Read more »

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Gupta secretly served as Galleon executive: Prosecutors

NEW YORK: Seeking to prove that ex-Goldman Sachs director Rajat Gupta benefited from his relationship with Raj Rajaratnam, prosecutors have claimed that the Indian-American was secretly serving as a top… Read more »

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Prosecution: Rajat Gupta threw away his duties

NEW YORK: Former Goldman Sachs director Rajat Gupta “threw away his duties” when he passed confidential company information to hedge fund founder Raj Rajaratnam, a prosecutor told a US court,… Read more »

Rajat Gupta

Gupta’s phone call to Rajaratnam can be played in trial: judge

NEW YORK: In a blow to former Goldman Sachs director Rajat Gupta in insider trading case, a US court has rejected his bid and motion to suppress wiretap evidence at… Read more »

Rajat Gupta

US court asks details of financial benefits made by Gupta

NEW YORK: A US judge has asked prosecutors to provide details of specific financial benefits allegedly made by former Goldman Sachs director Rajat Gupta by passing inside information to his… Read more »

Rajat Gupta

Rajat Gupta sues US regulator in Galleon case

NEW YORK: Former Goldman Sachs board member Rajat Gupta has sued US regulator SEC for “unfairly and unconstitutionally” prosecuting him on charges of passing insider tips to Sri Lankan born-billionaire… Read more »