Rajat Gupta

  • Ex-Goldman director Rajat Gupta fails to void conviction July 15, 2014

    New York: Former Goldman Sachs Group Inc director Rajat Gupta, serving a two-year prison term, has failed to persuade a federal appeals court to overturn his insider trading conviction. In a brief order, the full 2nd US Circuit Court of Appeals in New York refused on Monday to disturb a March...
  • Former Goldman Sachs director Rajat Gupta's 2-year prison begins June 18, 2014

    New York: Rajat Gupta, a one-time poster boy of Indians in America and former Goldman Sachs Director, on Tuesday began his two-year prison sentence after fighting a protracted legal battle to clear his name in one of the biggest insider trading schemes in US history. 65-year-old Gupta, once regarded as among...
  • Rajat Gupta loses appeal of $13.9 million fine, heads to prison June 17, 2014

    New York: Former Goldman Sachs Group Inc director Rajat Gupta on Tuesday lost his challenge to a $13.9 million civil penalty and a permanent ban from acting as an officer for a public company, the same day he was scheduled to begin serving a two-year prison sentence. In a brief order,...
  • Rajat Gupta's jail term begins today, says $14 million civil penalty too high June 17, 2014

    New York: India-born former Goldman Sachs director Rajat Gupta, scheduled to begin his two-year prison sentence on Tuesday told a US court that he should not be required to pay a heavy USD 13.9 million in civil penalties since he already has to pay over USD 11 million in criminal...
  • Rajat Gupta penning book to tell his story June 14, 2014

    New York: India-born former Goldman Sachs Director Rajat Gupta, who is scheduled to begin his prison term on June 17, hopes to release a book telling his side of the story and visit India once he completes his two-year sentence, according to a media report. Gupta, 65, lost his final bid...
  • US: Rajat Gupta loses last bid to avoid jail June 12, 2014

    Washington: Rajat Gupta, former Indian-American director of Goldman Sachs Group, must report to prison on June 17 to begin his two-year sentence for insider trading with the Supreme Court rejecting his plea. Supreme Court Justice Ruth Bader Ginsburg on Wednesday rejected Gupta's request for an order letting him remain free on...
  • Former Goldman Sachs director Rajat Gupta starts prison term on June 17 April 18, 2014

    New York: Rajat Gupta, India-born former director of Goldman Sachs Group, convicted in 2012 for insider trading, has agreed to surrender to prison authorities on June 17 to begin a two-year sentence. US District Judge Jed Rakoff in Manhattan directed Gupta, 65, who lost a bid for a new trial last...
  • Rajat Gupta seeks re-hearing of insider trading conviction April 9, 2014

    India-born former Goldman Sachs director Rajat Gupta has petitioned that a three-judge panel, which upheld his conviction on insider trading charges, should reconsider its decision and the court rehear the case, arguing that "critical evidence" in his favour was excluded at trial. Gupta filed a 70-page petition with the US Court...
  • Insider trading: US court upholds Rajat Gupta's conviction March 26, 2014

    New York: A former Goldman Sachs and Procter & Gamble board member was fairly convicted on charges that he fed lucrative inside tips to a billionaire hedge fund owner, a federal appeals court said on Tuesday. The 2nd US Circuit Court of Appeals made the ruling in the case of...
  • Former Goldman Sachs director Rajat Gupta should pay $15 million as penalty, US regulator tells court March 22, 2014

    Washington: US regulator SEC has asked an appeals court to affirm a district court's decision that India-born former Goldman Sachs director Rajat Gupta pay a $ 13.9 million penalty and be banned for life from serving as director of a public corporation. The federal regulator has filed a brief in the...
  • Meet Preet Barara, who ordered Devyani Khobragade's arrest December 18, 2013

    New Delhi: Some call him 'Clint Eastwood' of the law enforcement. Some say he is a 'cow boy' of Manhattan. Preet Barara or Preetinder Barara, the US attorney for the southern district of New York who is accused of committing excesses while arresting Indian diplomat Devyani Khobragade is a very...
  • Goldman ex-director Rajat Gupta paying $13.9 mn civil fine July 18, 2013

    Washington: The former Goldman Sachs board member convicted of insider trading is paying $13.9 million to settle related civil charges of feeding inside information to his friend, a billionaire hedge fund boss. The Securities and Exchange Commission announced the fine on Wednesday against Rajat Gupta, who was also permanently barred from...
  • US court studies wiretaps in Rajat Gupta insider case May 22, 2013

    New York: Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used by the prosecution should not have been introduced at trial. Defense lawyer Seth Waxman told the 2nd US Circuit Court of Appeals in New York...
  • Rajat Gupta to appeal against insider trading conviction May 21, 2013

    New York: India-born former Goldman Sachs director Rajat Gupta will seek overturning of his insider-trading conviction in a US court today by arguing that the case rested exclusively on circumstantial evidence that relied on wiretap statements that did not involve him. The US Court of Appeals for the Second Circuit...
  • Rajat Gupta ordered to pay $6.22 million to Goldman Sachs February 26, 2013

    A federal judge on Monday ordered former Goldman Sachs Group Inc director Rajat Gupta to reimburse $6.22 million to help the Wall Street bank cover its legal expenses related to his criminal insider trading case. Goldman had sought to recover $6.91 million, and US District Judge Jed Rakoff in Manhattan said...
  • Rajat Gupta may win his appeal but I think his reputation is tarnished forever: Sandipan Deb February 25, 2013

    A tragedy of Greek proportions, this is the story of an Indian icon at the centre of the biggest insider trading case in the history of the United States of America. On 24 October 2012, Rajat Gupta, former head of the worlds most respected management consultancy firm, McKinsey & Co.,...
  • Insider trading: Rajat Gupta seeks conviction reversal January 23, 2013

    New York: Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta are urging a federal appeals court to reverse his insider trading conviction, arguing that a judge shouldn't have allowed wiretaps to be heard at trial. In a brief filed on Friday at the 2nd US Circuit Court of...
  • Rajaratnam agrees to pay $1.5 million in SEC case December 27, 2012

    New York: US hedge fund manager Raj Rajaratnam has agreed to pay disgorgement of about $1.5 million in a civil lawsuit filed by the Securities and Exchange Commission, and to waive his right to appeal the judgment, court papers showed. Rajaratnam would make the payment, representing the profits obtained by...
  • Insider trading: Rajat Gupta to stay free on bail, says court December 5, 2012

    New York: Former Goldman Sachs Group Inc board member Rajat Gupta can remain free on bail while he appeals his insider-trading conviction, an appeals court ruled on Tuesday. Gupta had been scheduled to surrender on January 8 to start a two-year prison sentence. But after hearing arguments from Gupta's lawyer and...
  • US court to hear Rajat Gupta's plea to delay surrender November 29, 2012

    New York: A US court has agreed to hear next week a bid by India-born former Goldman Sachs Director Rajat Gupta to delay his surrender to federal prison and remain free on bail while he challenges his conviction on insider-trading charges. The Court of Appeals for the Second Circuit in...
  • Rajat Gupta asked to pay $15 million as penalty November 16, 2012

    New York: The US government has asked a court in New York to slap a maximum penalty of $15 million on India-born fallen Wall Street titan Rajat Gupta and permanently bar him from serving as director of any publicly-traded firm for his "terrible breach of trust" by indulging in insider...
  • World View: Has Rajat Gupta been given an unfair sentence? October 27, 2012

    This week on World View with Suhasini Haidar we take a detailed look at the Rajat Gupta sentencing, 10-day countdown to US Elections:, highlights of 3rd Obama-Romney debate. ...
  • Rahul Bajaj happy about lenient sentence to Rajat Gupta October 25, 2012

    Mumbai: Industrialist Rahul Bajaj on Thursday welcomed the relatively lenient two-year jail term which a US court awarded to former McKinsey head Rajat Gupta for insider trading. "Under the American law, there was no way his request for community service without going to jail (would have been accepted). We knew...
  • The Last Word: Has justice been done to Rajat Gupta? October 25, 2012

    Rajat Gupta, a former Goldman Sachs and Procter & Gamble Company board member, was sentenced on Wednesday to two years in prison for feeding inside information about board dealings with a billionaire hedge fund owner who was his friend. ...
  • Insider trading: Rajat Gupta regrets damage to reputation October 25, 2012

    New York: It's a fall from grace for a man who had built himself a reputation as a humanitarian. Fallen Wall Street tycoon Rajat Gupta was sentenced to two years in prison on Thursday and a five million dollar fine was imposed for securities fraud and insider trading, the judge,...
  • Rajat Gupta a good man: Judge before sentencing October 25, 2012

    New York: US District Court Judge Jed Rakoff, who sentenced Rajat Gupta, the former Goldman Sachs and Procter & Gamble Co. board member once widely respected worldwide for his business smarts, to two years in prison and also ordered him to pay a $5 million fine, on multiple occasions gave...
  • I have lost my reputation: Rajat Gupta October 25, 2012

    Rajat Gupta, 63, of Westport, Conn., was sentenced by US District Court Judge Jed Rakoff, who also ordered him to pay a $5 million fine. ...
  • The rise and fall of Wall Street poster boy Rajat Gupta October 25, 2012

    A former Goldman Sachs and Procter & Gamble Co. board member once widely respected worldwide for his business smarts was sentenced on Wednesday to 2 years in prison for feeding inside information about board dealings with a billionaire hedge fund owner who was his friend. ...
  • US: Rajat Gupta awaits sentence in insider case October 24, 2012

    New York: The sentencing on Wednesday of fallen Wall Street titan Rajat Gupta for insider trading could come down to whether a judge agrees that his lifetime of charity counts against sending him to prison. The former Goldman Sachs Group Inc (GS.N) board member was convicted in June of leaking boardroom...
  • Former Goldman Sachs Director Rajat Gupta to be sentenced today October 24, 2012

    Former Goldman Sachs director Rajat Gupta will be sentenced in New York on Wednesday by a US judge on insider trading charges. ...