World News | Press Trust of India | Tuesday March 25, 2014
In a setback to India-born former Goldman Sachs director Rajat Gupta, a US court today sentenced him to two years in prison and denied his bid for a new trial after upholding his conviction on insider trading charges, ruling that there is no merit in his appeal.
World News | Press Trust of India | Wednesday May 22, 2013
Former Goldman Sachs Group Board of Director Rajat Gupta's attorneys asked the Judge to reverse his insider-trading conviction, saying wiretap evidence used by the prosecution should not have been introduced at trial stage.
World News | Edited by Janaki Fernandes | Thursday October 25, 2012
A former Goldman Sachs and Procter & Gamble Co. board member Rajat Gupta was sentenced to two years in prison Wednesday, culminating a spectacular fall from grace for a man whose good deeds worldwide brought him leniency after he was convicted of feeding inside information about board dealings to a billionaire hedge fund owner who was his friend.
World News | NDTV.com | Thursday October 25, 2012
For the first time since the trial began two years ago, Rajat Gupta, former Goldman Sachs and Procter & Gamble Co. board member spoke in court. Mr Gupta was sentenced to two years in prison for feeding inside information about board dealings with a billionaire hedge fund owner who was his friend. During the trial, Mr Gupta declined to testify and ...
India News | Press Trust of India | Saturday September 8, 2012
A US court has dismissed a lawsuit filed by an Indian-origin law student against Manhattan's top federal prosecutor Preet Bharara and the Justice Department for unlawfully questioning her and seizing the phone during Rajat Gupta's insider trading trial.
World News | Press Trust of India | Monday June 18, 2012
The high-profile insider trading trial of former McKinsey head Rajat Gupta pitted him against another Indian-American New York's top federal prosecutor Preet Bharara, who in the end walked away winning his battle against corporate America's poster boy.
World News | Press Trust of India | Saturday June 16, 2012
The jury, which convicted one of the most prominent Indian-Americans in the US Rajat Gupta of securities fraud, said it wanted him to walk a free man after the trial, but the evidence against him and his "need for greed" was just too "overwhelming."
World News | Reuters | Thursday June 14, 2012
Evidence of insider trading against businessman Rajat Gupta is "overwhelming," a prosecutor told jurors at the trial's close on Wednesday, while a defense lawyer countered that the government had a weak, circumstantial case without direct proof. "Where is the beef in this case?" defense lawyer Gary Naftalis asked the Manhattan federal court jury. ...
World News | Reuters | Tuesday June 12, 2012
Having decided not to take the witness stand at his insider-trading trial, former Goldman Sachs Group Inc. board member Rajat Gupta on Monday called longtime friends and his eldest daughter to testify on his behalf.
Monday June 11, 2012
Former Goldman Sachs board member Rajat Gupta, on trial over insider trading charges, has decided not to testify in his own defense.
World News | Associated Press | Monday June 11, 2012
The defense lawyer for a former Goldman Sachs board member accused of insider trading notified the judge on Sunday that his client will not testify at his trial. Attorney Gary Naftalis sent a letter to Manhattan federal court judge Jed Rakoff saying that Rajat Gupta "will not be a witness on his own behalf in the defense case."
India News | Reuters | Saturday June 9, 2012
Former Goldman Sachs Group Inc board member Rajat Gupta will likely testify in his own defense at the insider trading trial in which he is accused of illegally leaking corporate secrets to now-imprisoned hedge fund manager Raj Rajaratnam.
World News | Press Trust of India | Thursday June 7, 2012
An Indian-origin law student, who has regularly been attending the insider trading trial of ex-McKinsey head Rajat Gupta, got into trouble with the court after she sent to the presiding judge three letters about her opinion and understanding of certain legal theories in the case.
Wednesday June 6, 2012
Rajat Gupta stood to profit from investments he made in funds managed by now-imprisoned hedge fund founder Raj Rajaratnam, a witness testified at Gupta's insider-trading trial on Wednesday.
Wednesday June 6, 2012
Anil Kumar, 53, is a government witness in the insider trading trial of his mentor and fellow Indian native and ex-Goldman Sachs director Rajat Gupta.
Tuesday June 5, 2012
The world's biggest search engine, Google Inc, will buy Meebo Inc, a startup that helps online publishers connect their websites with social network sites, Meebo said on its blog.
World News | Reported by Sarah Jacob | Saturday June 2, 2012
The broken relationships between mentors and proteges have always been material for great literature- be it Julius Caesar and Brutus, or Professor Dumbledore and Lord Voldemort. And the tension was apparent when Anil Kumar walked into the federal courthouse to testify against Rajat Gupta - the man who had built his career at McKinsey. This is the f...
Thursday May 31, 2012
A spokesman for Goldman Sachs was not immediately available for comment. Goldman is not accused of any wrongdoing.
World News | Press Trust of India | Wednesday May 30, 2012
In court documents submitted on Monday, prosecutors said that they want to offer as evidence an April 3, 2008, email from former McKinsey executive Anil Kumar to Rajat Gupta to demonstrate the "close" relationship between Rajat Gupta and Raj Rajaratnam, particularly the "mutual trust" between them.
World News | Reported by Sarah Jacob | Tuesday May 29, 2012
The trial of Rajat Gupta enters its second week today as court resumes after a long Memorial Day weekend. It has been a damaging opening week for the former Goldman Sachs Director as the prosecution took to the stand to present its case- playing their trump card- wire tap recordings of Hedgefund owner Raj Rajaranam's cell phone that Rajat Gupta's l...
World News | Indo-Asian News Service | Friday May 25, 2012
Prosecutors played a series of FBI wiretapped phone conversations in a bid to show that Goldman Sachs' former Indian-American director Rajat Gupta shared confidential information with convicted hedge-fund billionaire Raj Rajaratnam. Gupta wasn't a participant on any of the calls played for the jury Thursday at his trial for insider-trading at Man...
Thursday May 24, 2012
A federal jury heard the lone recorded phone call of an ex-Goldman Sachs board member speaking with a billionaire hedge fund founder Wednesday as the government laid a foundation for its insider trading case.
Wednesday May 23, 2012
On the second day of Gupta's insider-trading trial in Manhattan federal court on Tuesday, prosecutors tried to establish for the jury his ties to now-imprisoned Rajaratnam.
Tuesday May 22, 2012
A US prosecutor alleged that Rajat Gupta, a former managing director of McKinsey, threw away his duties by divulging bank secrets to fund manager Raj Rajratnam.