Gupta Arrested For Tipping Rajaratnam

Oct 26 2011 | 11:45am ET

Rajat Gupta, the highest-placed of Raj Rajaratnam's alleged corporate tipsters, surrendered to the authorities this morning to face criminal insider-trading charges.

Gupta turned himself in to the Federal Bureau of Investigation in New York at about 5:15 a.m. A spokesman for the FBI said that the 62-year-old, who led consulting giant McKinsey & Co. for almost a decade, "is currently in custody and being processed."


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