Galleon Case

  • Insider trading probe: US says Rajat Gupta guilty June 14, 2012

    New York: Evidence of insider trading against businessman Rajat Gupta is "overwhelming," a prosecutor told jurors at the trial's close on Wednesday, while a defence lawyer countered that the government had a weak, circumstantial case without direct proof. In one of the US government's biggest insider trading prosecutions in recent years,...
  • US: Rajat Gupta not to testify in his own defence June 11, 2012

    New York: Former Goldman Sachs Group Inc board member Rajat Gupta, on trial over insider trading charges, has decided not to take the risk of testifying in his own defence, two days after his lawyer said it was "highly likely" he would take the stand. "After substantial reflection and consideration, we...
  • Don't forget Rajat Gupta's philanthropic work: Friends June 4, 2012

    New York: As the high-profile insider trading trial of former Goldman Sachs director Rajat Gupta enters its third week, the Indian-American's prominent friends feel he has been portrayed in an "unfair and one-sided" manner and his philanthropic work in India should not be forgotten. 63-year-old Gupta's trial, which began in...
  • "Rajat Gupta on Rajaratnam's important people list" May 23, 2012

    New York: Former Goldman Sachs director and McKinsey & Co executive Rajat Gupta was on a list of "important people" that now-imprisoned hedge fund manager Raj Rajaratnam was willing to be disturbed to take their phone calls, his onetime secretary testified at Gupta's insider-trading trial on Tuesday. The former Galleon Group...
  • Ex-Goldman director Rajat Gupta's NY trial begins May 21, 2012

    New York: The July 29, 2008, phone call between two titans of Wall Street began with the old friends exchanging mild pleasantries, but then quickly turned serious and - by the government's account - criminal. Hedge fund manager Raj Rajaratnam asked about a rumor that Goldman Sachs "might look to buy...
  • Reveal benefits made by Rajat Gupta: US court January 6, 2012

    New York: A US judge has asked prosecutors to provide specific financial benefits they allege former Goldman Sachs director Rajat Gupta made by passing inside information to his friend Raj Rajaratnam amidst allegations that he also tipped him about Proctor and Gamble's 2008 sale of Folgers Coffee Co to JM...
  • Rajaratnam begins 11-year insider trading sentence December 6, 2011

    New York: Hedge fund multimillionaire Raj Rajaratnam began serving his 11-year prison sentence on Monday - the longest on record for insider trading - at a former military base near a small, leafy Massachusetts town. The 54-year-old Galleon Group founder reported to the prison about 40 miles northwest of Boston, at...
  • Rajaratnam ordered to pay $92.8 mn in SEC case November 9, 2011

    New York: A federal judge ordered Raj Rajaratnam, the Galleon Group hedge fund founder sentenced to 11 years in prison for insider trading, to pay a record $92.8 million penalty in a related US Securities and Exchange Commission civil case. The penalty imposed by US District Judge Jed Rakoff in Manhattan...
  • Rajaratnam paid $ 63 mn in penalties: lawyer October 29, 2011

    New York: Convicted hedge fund tycoon Raj Rajaratnam has already paid more than $ 63 million in penalties, ordered by the judge who sentenced him two weeks ago for insider trading, one of his lawyers said on Friday in New York federal court. Rajaratnam, 54, is going to prison for 11...
  • Listen: Rajat Gupta and Raj Rajaratnam tapes October 28, 2011

    The United States Attorney's Office, Southern District of New York has released a July 29, 2008 US Federal Bureau of Investigation wiretap recording of a conversation between then Goldman Sachs director Rajat Gupta and Galleon Group founder Raj Rajaratnam. Listen. ...
  • The rise and fall of Rajat Gupta October 28, 2011

    New Delhi: Rajat Kumar Gupta, aged 62, educated at IIT Delhi and Harvard Business School. Former Director, Goldman Sachs & Co-Founder of the Indian Business School. And now, an accused in an insider trading case, out on a $ 10 million bail. If found guilty, the poster-boy of Indian-American Wall Street...
  • Rajat Gupta released on bail, trial on April 9 October 27, 2011

    New York: A New York court has set April 9 as the tentative date for the trial of Rajat Gupta, former Indian American director of Goldman Sachs after he pleaded not guilty to insider-trading charges. India-born Gupta, 62, who had surrendered to the FBI on Wednesday morning, was freed after...
  • Ex-Goldman director arrested, released on $ 10 mn bail October 27, 2011

    Former Goldman Sachs director Rajat Gupta has been released on a $ 10 million bail bond. ...
  • US: Rajat Gupta pleads not guilty, gets bail October 27, 2011

    New York: Rajat Gupta, who pleaded not guilty to charges of securities fraud and that he passed insider information to his billionaire friend Raj Rajaratnam while he was director at Goldman Sachs and Procter & Gamble, was released on Wednesday on a $10 million bond. The 62-year-old Indian American had entered...
  • US: Rajat Gupta charged with insider trading October 27, 2011

    New York: Rajat Gupta, a former director of Goldman Sachs Group Inc and Procter & Gamble, was arrested on Wednesday on insider trading charges, making him the most prominent executive to be accused in a broad US crackdown on illegal leaks of corporate secrets. Gupta, 62, surrendered to FBI agents on...
  • Galleon case: Ex-Goldman director Gupta arrested October 26, 2011

    New York: Rajat Gupta, a former Goldman Sachs Group Inc director and former global head of McKinsey & Co, was in FBI custody on Wednesday on criminal charges related to his hedge fund manager friend Raj Rajaratnam, the central figure in a US crackdown on insider trading. An FBI spokesman said...