RAJ RAJARATNAM

  • 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 twoyear prison sentence. In a brief order,...
  • 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 insidertrading 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: Indiaborn former Goldman Sachs director Rajat Gupta will seek overturning of his insidertrading 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...
  • Raj Rajaratnam brother charged with insider trading March 22, 2013

    New York: Raj Rajaratnam's younger brother was indicted on charges of conspiring in the insider-trading scheme for which the founder of the Galleon Group hedge fund was convicted nearly two years ago, US prosecutors announced on Thursday. Prosecutors said Rengan Rajaratnam, 42, conspired with his older brother to trade on non-public...
  • 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...
  • 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...
  • World View: Has Rajat Gupta been given an unfair sentence? October 26, 2012

    This week on World View with Suhasini Haidar we take a detailed look at the Rajat Gupta sentencing, 10day countdown to US Elections:, highlights of 3rd ObamaRomney debate. ...
  • 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. ...
  • Rajat Gupta's fate to be sealed on Wednesday October 23, 2012

    New York: Former Goldman Sachs director Rajat Gupta will be sentenced in New York on Wednesday by a US judge on insider trading charges a year after the IndianAmerican Wall Street executive was charged with passing boardroom secrets to the now imprisoned hedge fund founder Raj Rajaratnam. The Prosecution has sought...
  • US: Gupta seeks probation on insider trading charges October 18, 2012

    New York: Goldman Sachs' Indiaborn former director Rajat Gupta is seeking a sentence of probation accompanied by "rigorous" community service, according to court documents submitted by his lawyer a week before a federal judge here sentences him on his conviction on insider trading charges. In a 99page sentencing memorandum submitted in...
  • Rajat Gupta gets sentencing support from Gates, Annan October 13, 2012

    New York: Bill Gates and Kofi Annan are among several prominent businessmen and humanitarians asking a US judge to show fairness when he sentences former Goldman Sachs Group Inc board member Rajat Gupta for his insider trading conviction later in October. Gupta, 63, the most influential and bestknown corporate figure to...
  • Rajat Gupta gets sentencing support from Gates October 13, 2012

    New York: Bill Gates and Kofi Annan are among several prominent businessmen and humanitarians asking a US judge to show fairness when he sentences former Goldman Sachs Group Inc board member Rajat Gupta for his insider trading conviction later this month. Gupta, 63, the most influential and bestknown corporate figure...
  • US: Intel's Indiaborn exMD spared jail term September 25, 2012

    New York: Intel Corp's Indiaborn former MD Rajiv Goel, who was charged with giving inside corporate information to Raj Rajaratnam, has been spared jail time as he turned government witness and helped nail the Galleon founder in America's biggest insider trading scandal. Goel, 54, apologised and said he was "deeply ashamed"...
  • Rajaratnam's insidertrading appeal set for Oct 25 September 8, 2012

    New York: A federal appeals court will hear oral arguments on October 25 in hedge fund founder Raj Rajaratnam's bid to overturn his insider trading conviction on grounds that the US government improperly won permission to record his phone conversations. Onetime billionaire Rajaratnam, 55, is serving an 11year prison sentence in...
  • Insider trading: Rajat Gupta convicted, faces up to 25 yrs in jail June 16, 2012

    A New York court has convicted former Goldman Sachs board member Rajat Gupta of illegally tipping his hedgefund manager friend Raj Rajaratnam with secrets about the investment bank. ...
  • Rajat Gupta found guilty of insider trading June 15, 2012

    New York: Rajat Gupta, a consummate business insider who once sat on the board of Goldman Sachs Group Inc, was convicted on Friday of leaking secrets about the investment bank at the height of the financial crisis, a major victory for prosecutors seeking to root out insider trading on Wall...
  • 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...
  • Goldman CEO testifies at Rajat Gupta insider trial June 5, 2012

    New York: Lloyd Blankfein, the Chief Executive of Goldman Sachs Group Inc, told jurors at the insidertrading trial of one of the investment bank's former directors that "all parts" of a 2008 board meeting the two attended were confidential. "If something is discussed in a board meeting, it is confidential," Blankfein...
  • 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...
  • Email, wiretaps at trial link Rajat Gupta to Rajaratnam May 25, 2012

    New York: Using FBI wiretaps, email, phone records and the testimony of a Goldman Sachs Group Inc director, US prosecutors drew a picture for jurors on Thursday of events that led to the insidertrading trial of onetime corporate star Rajat Gupta. 63yearold Gupta is accused of providing nowimprisoned hedge fund manager...
  • "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...
  • Rajat Gupta cheated, abandoned duties: Prosecutor May 22, 2012

    New York: A former Goldman Sachs Group Inc board member "threw away his duties" in divulging secrets about the investment bank to nowimprisoned hedge fund manager Raj Rajaratnam, a US prosecutor said at the start of a major insidertrading trial on Monday. Rajat Gupta, once a boldface name in business and...
  • Rajat Gupta to face US jury in insider trading case May 21, 2012

    New York: Barely a day went by at the insidertrading trial of multimillionaire hedgefund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles. On Monday in the same federal court in New York, it will be Gupta's turn to go on...
  • 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...
  • Mother Teresa defence won't work, Rajat Gupta told May 18, 2012

    New York: IndianAmerican corporate leader Rajat Gupta has been warned by a US judge that he cannot beat insider trading charges by trumpeting his history of philanthropy any more than Mother Teresa could use her missionary work to fend off bank robbery charges. "If Mother Teresa were charged with bank robbery,...
  • Hear Rajaratnam calls: US to Rajat Gupta jury May 1, 2012

    New York: Prosecutors want the jury in May's insider trading trial of former Goldman Sachs director Rajat Gupta to hear three secretlyrecorded phone conversations of Galleon Group hedge fund founder Raj Rajaratnam as evidence of the purported conspiracy between them. In a pretrial filing in Manhattan federal court on Monday night,...