Live
- US accounts for 18 per cent of Indian exports in FY24
- Will end Naxalism in Chhattisgarh by March 2026: Amit Shah
- Will gift one project daily to people during Jan Kalyan Parv
- Mahakumbh & the Politics of Sanatan Nationalism
- A Soulful Celebration of Global Music
- Brahmin Community delegation felicitates CM Saini
- Allu Arjun Visits Chiranjeevi’s House for Lunch Meet
- Toyota organising TG Grameena Mahotsav
- Special rituals conducted at Maramma Temple
- Siddaramaiah has special love for Muslims: BJP
Goldman Sachs ex-director plea against conviction rejected
Highlights
The US Supreme Court on Monday upheld the 2012 conviction of Rajat Gupta, the former Indian-American director of Goldman Sachs Group, in an insider trading case.
The US Supreme Court on Monday upheld the 2012 conviction of Rajat Gupta, the former Indian-American director of Goldman Sachs Group, in an insider trading case.
.jpg)
Gupta, the highest-profile executive convicted in a US crackdown on insider trading by Manhattan's Indian-American prosecutor Preet Bharara, was accused of passing illegal tips to billionaire Galleon Group co-founder Raj Rajaratnam.
The tips included news about Goldman Sachs results and a $5 billion investment from Warren Buffett.
Gupta, 66, is currently serving a two-year term in a US federal jail. He was also ordered to pay a $5 million fine.
Gupta's jail term is to end in March 2016.
He was convicted in June 2012 for passing to Raj Rajaratnam, a Sri Lankan-American former hedge fund manager and founder of the Galleon Group, confidential information he obtained from Goldman Sachs board meetings.
The high court rejected Gupta's appeal of a March 2014 ruling by the New York-based lower court that had upheld his conviction.
Next Story
ADVERTISEMENT
