Rajat Gupta

  • Former Goldman Sachs director Rajat Gupta starts prison term on June 17 18-04-2014 10:12 AM

    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...
  • Rajat Gupta seeks re-hearing of insider trading conviction 09-04-2014 01:31 PM

    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...
  • Insider trading: US court upholds Rajat Gupta's conviction 26-03-2014 11:58 AM

    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 22-03-2014 02:46 PM

    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...
  • Meet Preet Barara, who ordered Devyani Khobragade's arrest 18-12-2013 02:30 PM

    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 18-07-2013 05:40 AM

    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...
  • US court studies wiretaps in Rajat Gupta insider case 22-05-2013 07:04 AM

    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...
  • Rajat Gupta to appeal against insider trading conviction 21-05-2013 10:27 PM

    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 asked to pay $15 million as penalty 16-11-2012 09:38 PM

    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? 26-10-2012 02:38 PM

    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 25-10-2012 10:47 PM

    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? 25-10-2012 09:33 PM

    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 25-10-2012 06:38 PM

    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 25-10-2012 10:40 AM

    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 25-10-2012 08:49 AM

    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 25-10-2012 08:41 AM

    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 24-10-2012 12:10 PM

    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...
  • Former Goldman Sachs Director Rajat Gupta to be sentenced today 24-10-2012 09:23 AM

    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 23-10-2012 07:52 PM

    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 Indian-American Wall Street executive was charged with passing boardroom secrets to the now imprisoned hedge fund founder Raj Rajaratnam. The Prosecution has...
  • 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 begins 11-year insider trading sentence 06-12-2011 11:20 AM

    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,...
  • Rajaratnam seeks delay in reporting to prison 01-12-2011 12:41 PM

    New York: Just five days before he was due to start his 11-year jail term for insider trading, hedge fund founder Raj Rajaratnam's lawyers made a last ditch effort to keep him out of jail, asking a US court to let him be free on bail while he appeals his...
  • Goldman executives face depositions in Gupta case 20-11-2011 11:59 AM

    New York: At least two Goldman Sachs Group Inc executives face potential interviews under oath in the top US market regulator's civil insider trading case against a former director of the firm, Rajat Gupta, a court heard on Friday. The names of president and chief operating officer Gary Cohn and...