Crucial week for Gupta as insider trading trial draws to close

Last Updated: Sunday, June 10, 2012, 20:16

The closely watched trial, which began on May 21, is in its final week and after the prosecution rested its case last Friday.

Rajat Gupta's alleged tips were publicly known: Defence

Last Updated: Saturday, June 9, 2012, 23:47

Lawyers of Rajat Gupta, former Indian American director of Goldman Sachs Group, have questioned the prosecution charge that he leaked secret tips to convicted hedge billionaire Raj Rajaratnam by suggesting the alleged information was publicly known.

Rajaratnam swindled, cheated me: Gupta told Ajit Jain

Last Updated: Saturday, June 9, 2012, 14:42

Ex-McKinsey head Rajat Gupta had told his "close friend" Ajit Jain, chief of Berkshire Hathaway's reinsurance business, that he had been "swindled and cheated" by hedge fund founder Raj Rajaratnam when he lost his USD 10 million in an investment fund.

Rajat Gupta to come to his own defence; likely to testify at trial

Last Updated: Saturday, June 9, 2012, 09:40

After the jury was dismissed yesterday for the weekend, Gupta's lawyer Gary Naftalis told Judge Jed Rakoff in Manhattan federal court about the possibility of Gupta taking the witness stand in his trial, which began on May 21.

Gupta not authorised to divulge board discussions: Goldman CEO

Last Updated: Friday, June 8, 2012, 16:11

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.

Rajat Gupta's lawyers say others tipped Rajaratnam

Last Updated: Thursday, June 7, 2012, 12:01

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.

Leaked information to Rajaratnam after he taunted me: Kumar

Last Updated: Wednesday, June 6, 2012, 16:13

An Indian-American former McKinsey consultant has told a US court that he "committed a crime" by passing on secret information to convicted hedge fund founder Raj Rajaratnam after the Sri Lankan "chided and taunted" him for not knowing enough about what was happening at various firms.

Rajat Gupta had no motive to leak inside tips: Defence

Last Updated: Tuesday, June 5, 2012, 10:38

Goldman Sachs' former Indian-American director Rajat Gupta had no motive to leak inside tips to convicted hedge fund billionaire Raj Rajaratnam as their relationship had deteriorated as early as 2007, his lawyer said

Don't forget Gupta's philanthropic work in India, say friends

Last Updated: Monday, June 4, 2012, 16:04

63-year-old Gupta's trial, which began in Manhattan federal court on May 21, will resume Monday after a weekend break with his protege and former McKinsey executive Anil Kumar returning to the witness stand to testify against him.

Rajat Gupta secretly served Rajaratnam's hedge fund: Prosecution

Last Updated: Friday, June 1, 2012, 10:08

Prosecutors in the insider-trading trial of Rajat Gupta have suggested he leaked information about Goldman Sachs to convicted hedge fund billionaire Raj Rajaratnam because he was secretly serving as an executive of his Galleon Group.

Rajaratnam bragged about sources of inside info: Gupta lawyers

Last Updated: Thursday, May 31, 2012, 19:18

Indian-origin former Goldman Sachs director Rajat Gupta's lawyers are seeking to show a jury in his insider trading trial that convicted hedge fund founder Raj Rajaratnam "exaggerated" and "bragged" about having sources of inside information.

Did Rajat Gupta spill the beans about Project Moon?

Last Updated: Saturday, May 26, 2012, 11:10

A prosecution witness revealed a jam company's secret plan code-named Project Moon as government sought to prove that as a director for Goldman Sachs and Procter & Gamble Rajat Gupta was spilling the beans about both.