INSIDER TRADING SCAM

  • 'Goldman paid bulk of Rajat Gupta's legal fees' June 19, 2012

    Goldman Sachs has paid for the bulk of former board member Rajat Gupta's legal defence in an insider trading case that ended in his conviction, the New York Times reported, citing two people with direct knowledge of the matter. Gupta, a consummate business insider who also sat on the board of...
  • 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 highprofile insider trading trial of former Goldman Sachs director Rajat Gupta enters its third week, the IndianAmerican's prominent friends feel he has been portrayed in an "unfair and onesided" manner and his philanthropic work in India should not be forgotten. 63yearold 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 nowimprisoned hedge fund manager Raj Rajaratnam was willing to be disturbed to take their phone calls, his onetime secretary testified at Gupta's insidertrading trial on Tuesday. The former Galleon Group...
  • ExGoldman 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 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 27, 2011

    New Delhi: Rajat Kumar Gupta, aged 62, educated at IIT Delhi and Harvard Business School. Former Director, Goldman Sachs & CoFounder of the Indian Business School. And now, an accused in an insider trading case, out on a $ 10 million bail. If found guilty, the posterboy of IndianAmerican Wall Street...
  • Rajat Gupta: The tainted Wall Street posterboy October 27, 2011

    New York: Rajat Gupta, an accused in an insider trading scam in the US, was hailed for long as a posterboy of Indians scaling great heights in corporate echelons abroad and his friends describe him as a Godfearing, 'firstclass guy'. A native of Kolkata and an IITian, Gupta moved up the...
  • 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 insidertrading charges. Indiaborn Gupta, 62, who had surrendered to the FBI on Wednesday morning, was freed after...
  • ExGoldman 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. ...
  • Indianorigin analyst in US fined $ 34 mn August 25, 2011

    New York: An Indianorigin former analyst, accused of providing confidential company information in the Raj Rajaratnamled 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 believed...