Rajat Gupta, a one-time poster boy of Indians in America and former Goldman Sachs Director, today began his two-year prison sentence after fighting a protracted legal battle to clear his name in one of the biggest insider trading schemes in US history.
India-born former Goldman Sachs director Rajat Gupta will have to report to jail on June 17 to begin his two-year sentence on insider trading charges after the US Supreme Court rejected his last-ditch bid to stay out of prison while he appealed his conviction.
Prosecutors are examining whether Goldman Sachs Group Inc director Rajat Gupta gave inside information about the bank to Galleon Group hedge fund founder Raj Rajaratnam, the Wall Street Journal reported.
Diversified business house Max
India on Thursday said it will hold its shareholders meeting on
January 22 to seek their approval to sell 9.4 per cent stake
to Goldman Sachs Capital Partners worth USD 115 million.
Amid the growing uproar over
exorbitant executive salary, financial services firm Goldman
Sachs has said its top 30 executives will receive their annual
bonuses only in stocks rather than cash this year.
Goldman Sachs said Tuesday it is teaming with billionaire investor Warren Buffett to invest $500 million to provide thousands of small business owners across America with college scholarships and boost their access to capital.
Global investment banking firm,
Goldman Sachs, on Monday raised India`s GDP growth forecast to 7.8
percent for fiscal 2011 from 6.6 percent based on a better
investment outlook and external environment and recovery in demand.