Raj Rajaratnam

Gupta, who was convicted in June 2012 for leaking tips to hedge fund billionaire Raj Rajaratnam, was released on January 5 this year from Federal Medical Centre Devens, a federal correctional facility in Ayer, Massachusetts.

A US federal judge has rejected a fresh appeal by India-born former Goldman Sachs director Rajat Gupta to overturn his insider trading conviction, ruling that the "hard fact remains" he committed a "serious crime" and pursuing further legal options will serve no purpose.

The US has opposed India-born former Goldman Sachs director Rajat Gupta's fresh appeal to overturn his insider trading conviction, saying he should now end his challenge to the jury's "well-founded" verdict that he gained from his illegal tips to hedge fund founder Raj Rajaratnam.

Former Goldman Sachs Group Inc director Rajat Gupta failed to persuade a US judge to overturn his insider trading conviction for passing tips about the bank's financial results and a crucial investment from Warren Buffett's Berkshire Hathaway Inc.

Seeking to set aside his conviction on insider trading charges, India-born former Goldman Sachs director Rajat Gupta has said his friendship with jailed hedge fund founder Raj Rajaratnam does not prove he received personal gain by passing on classified information.

The prosecutors said the IIT and Harvard-educated former McKinsey head, who is serving a two-year sentence, had a "powerful" financial incentive to tip his billionaire hedge-fund operator friend Raj Rajaratnam.

India-born ex-Goldman Sachs director Rajat Gupta's conviction on insider trading charges should not be thrown out as the government provided "overwhelming" proof against him for passing on illegal information in return for "expected potential pecuniary gains," US prosecutors said.

Galleon Group hedge fund founder Raj Rajaratnam and former Goldman Sachs Group Inc director Rajat Gupta are seeking to overturn penalties imposed against them for insider trading, citing a recent US court decision that narrowed the definition of that offence.

The settlement was filed on Thursday by the SEC in New York federal court, three months after a federal jury in Manhattan acquitted Rengan Rajaratnam of conspiring to engage in insider trading, a rare defeat for US prosecutors. Under the agreement with the SEC, Rajaratnam will pay the $841,243 in four equal payments and will neither admit nor deny ...

The brother of a jailed former hedge fund boss will be barred for at least five years from the securities industry and pay about $841,000 to settle a civil insider trading case against him.

A US judge on Tuesday dismissed two securities fraud counts against Rengan Rajaratnam, the younger brother of Galleon Group founder Raj Rajaratnam, in a surprise development in the federal criminal insider trading case.

Rengan Rajaratnam, a former Galleon fund manager, still faces a conspiracy count, after US District Judge Naomi Reice Buchwald at a hearing in Manhattan dismissed other counts related to improper trading in technology company Clearwire Corp.

India-born Mr Gupta, 65, will now have to pay $13.9 million as penalty in the US Securities and Exchange Commission's parallel insider trading case against him, in addition to the $5 million fine in the criminal case and $6.2 million restitution to Goldman Sachs.

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.

65-year-old Gupta, once regarded as among the most powerful and influential in corporate America, will serve his jail term at a minimum security satellite camp of the Federal Medical Center-Devens in Ayer, Massachusetts.

Gupta, who was convicted in June 2012 for leaking tips to hedge fund billionaire Raj Rajaratnam, was released on January 5 this year from Federal Medical Centre Devens, a federal correctional facility in Ayer, Massachusetts.

A US federal judge has rejected a fresh appeal by India-born former Goldman Sachs director Rajat Gupta to overturn his insider trading conviction, ruling that the "hard fact remains" he committed a "serious crime" and pursuing further legal options will serve no purpose.

The US has opposed India-born former Goldman Sachs director Rajat Gupta's fresh appeal to overturn his insider trading conviction, saying he should now end his challenge to the jury's "well-founded" verdict that he gained from his illegal tips to hedge fund founder Raj Rajaratnam.

Former Goldman Sachs Group Inc director Rajat Gupta failed to persuade a US judge to overturn his insider trading conviction for passing tips about the bank's financial results and a crucial investment from Warren Buffett's Berkshire Hathaway Inc.

Seeking to set aside his conviction on insider trading charges, India-born former Goldman Sachs director Rajat Gupta has said his friendship with jailed hedge fund founder Raj Rajaratnam does not prove he received personal gain by passing on classified information.

The prosecutors said the IIT and Harvard-educated former McKinsey head, who is serving a two-year sentence, had a "powerful" financial incentive to tip his billionaire hedge-fund operator friend Raj Rajaratnam.

India-born ex-Goldman Sachs director Rajat Gupta's conviction on insider trading charges should not be thrown out as the government provided "overwhelming" proof against him for passing on illegal information in return for "expected potential pecuniary gains," US prosecutors said.

Galleon Group hedge fund founder Raj Rajaratnam and former Goldman Sachs Group Inc director Rajat Gupta are seeking to overturn penalties imposed against them for insider trading, citing a recent US court decision that narrowed the definition of that offence.

The settlement was filed on Thursday by the SEC in New York federal court, three months after a federal jury in Manhattan acquitted Rengan Rajaratnam of conspiring to engage in insider trading, a rare defeat for US prosecutors. Under the agreement with the SEC, Rajaratnam will pay the $841,243 in four equal payments and will neither admit nor deny ...

The brother of a jailed former hedge fund boss will be barred for at least five years from the securities industry and pay about $841,000 to settle a civil insider trading case against him.

A US judge on Tuesday dismissed two securities fraud counts against Rengan Rajaratnam, the younger brother of Galleon Group founder Raj Rajaratnam, in a surprise development in the federal criminal insider trading case.

Rengan Rajaratnam, a former Galleon fund manager, still faces a conspiracy count, after US District Judge Naomi Reice Buchwald at a hearing in Manhattan dismissed other counts related to improper trading in technology company Clearwire Corp.

India-born Mr Gupta, 65, will now have to pay $13.9 million as penalty in the US Securities and Exchange Commission's parallel insider trading case against him, in addition to the $5 million fine in the criminal case and $6.2 million restitution to Goldman Sachs.

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.

65-year-old Gupta, once regarded as among the most powerful and influential in corporate America, will serve his jail term at a minimum security satellite camp of the Federal Medical Center-Devens in Ayer, Massachusetts.