inside trading

Rajat Gupta's release date from prison is March 2016

According to information on the Federal Bureau of Prisons website, Gupta's "release date" from prison is March 3, 2016.

Jul 16, 2014, 11:37 AM IST

US Supreme Court rejects Rajat Gupta's last bid to avoid jail

Gupta, convicted in 2012 of passing confidential board room information is scheduled to begin his prison term on Tuesday.

Jun 12, 2014, 17:55 PM IST

Three major European banks seen involved in Libor rigging

Groups of traders working in three major European banks were found involved in rigging global benchmark interest rates, a report said on Saturday.

Jul 28, 2012, 18:39 PM IST

Rajat Gupta's friends seek letters of support

Friends of former McKinsey head Rajat Gupta, convicted on insider trading charges, are urging his acquaintances to submit letters of support to a US judge presiding over his case here to help secure a lenient sentence for the Indian-American.

Jul 19, 2012, 13:41 PM IST

Insider trading: Rajat Gupta convicted, may face upto 25 years in prison

Gupta was found guilty by a federal court in Manhattan on four counts, out of six.

Jun 16, 2012, 08:58 AM IST

Evidence against Gupta devastating: Prosecution

The prosecutors have told a US jury that there is "overwhelming" and "devastating" evidence of insider trading against former Goldman Sachs director Rajat Gupta but the defense argued there is no "beef in the case" as the hearing in one of the Wall Street's biggest scandal wrapped up.

Jun 14, 2012, 13:10 PM IST

'Gupta's $10 mn loss deliberate hanky panky by Rajaratnam'

Berkshire Hathaway's India-born top executive Ajit Jain was "shocked" to hear that his friend ex-McKinsey head Rajat Gupta had lost USD 10 million in an investment fund with Raj Rajaratnam, which he described as a "deliberate hanky panky" by the convicted hedge fund founder.

Jun 13, 2012, 11:38 AM IST

Gupta not authorised to divulge board discussions: Goldman CEO

Goldman Sachs CEO Lloyd Blankfein testified Friday that the company's former director Rajat Gupta, accused of insider trading, was not authorised to divulge 'market-moving' information he received as a board member to outsiders before the public announcements.

Jun 08, 2012, 16:11 PM IST

Rajat Gupta's lawyers say others tipped Rajaratnam

Lawyers for Goldman Sachs's former director Rajat Gupta, on trial for inside trading, have suggested that leaks from the bank to convicted hedge fund billionaire Raj Rajaratnam came from other sources and not Gupta.

Jun 07, 2012, 12:01 PM IST