Sunday, 2 August 2015
Last updated 1 day ago
Jun 2 2014 | 6:29am ET
If Rajat Gupta is to see his insider-trading conviction overturned, he’ll have to do so from behind bars.
The former McKinsey & Co. chief, who was convicted in 2012 of passing confidential information about Goldman Sachs to Galleon Group founder Raj Rajaratnam, was ordered to begin his two-year prison term on June 17. A federal appeals court in New York on Friday rejected his request to remain free on bail pending his appeal to the U.S. Supreme Court.
Gupta served on Goldman’s board and was convicted of passing confidential information about the bank to Rajaratnam, who is serving an 11-year prison term himself. In March, Gupta’s conviction was upheld by the federal appeals court in Manhattan.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…