Insider Trading Scam

  • Reveal benefits made by Rajat Gupta: US court 06-01-2012 10:46 AM

    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 ordered to pay $92.8 mn in SEC case 09-11-2011 05:29 AM

    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...
  • Rajaratnam paid $ 63 mn in penalties: lawyer 29-10-2011 10:45 AM

    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...
  • Listen: Rajat Gupta and Raj Rajaratnam tapes 28-10-2011 05:09 PM

    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 27-10-2011 08:03 PM

    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...
  • Rajat Gupta: The tainted Wall Street poster-boy 27-10-2011 06:21 PM

    New York: Rajat Gupta, an accused in an insider trading scam in the US, was hailed for long as a poster-boy of Indians scaling great heights in corporate echelons abroad and his friends describe him as a God-fearing, 'first-class guy'. A native of Kolkata and an IITian, Gupta moved up...
  • Rajat Gupta released on bail, trial on April 9 27-10-2011 01:38 PM

    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 27-10-2011 01:26 PM

    Former Goldman Sachs director Rajat Gupta has been released on a $ 10 million bail bond. ...
  • Indian-origin analyst in US fined $ 34 mn 25-08-2011 11:57 AM

    New York: An Indian-origin former analyst, accused of providing confidential company information in the Raj Rajaratnam-led insider trading scam in the US, has been fined a whopping $34 million for his role in the case. Deep Shah, who was with credit ratings agency Moody's, fled the US and is currently...