John Dowd, Rajaratnam's lawyer, asked the jury why Rajat Gupta, 62, would risk his entire career and reputation for nothing.
Gupta, who has not been indicted in the criminal trial of Galleon Group founder Raj Rajaratnam, faces civil charges from the Securities and Exchange Commission for allegedly passing confidential information about Goldman Sachs to the defendant.
Galleon Group founder Raj Rajaratnam's defence team have rested their case in the biggest hedge fund insider trading trial in the US history. Rajaratnam's defence rested their case on Monday.
Sri Lanka-born billionaire Raj Rajaratnam's defence team on Wednesday told a US jury that his trading in Goldman Sachs was not based on insider information, but a great deal of research and discussion on the investment bank, especially during the financial crisis.
Raj Rajaratnam, the key accused in the biggest insider trading case in US history, worked hard to learn how the markets was operating and didn't need illegal tips to make money, a former executive of the hedge fund has testified.
Assistant US Attorney Jonathan Streeter has told US District Judge Richard Holwell that the government plans to present two more witnesses before wrapping up.
Smith, who is the US government's third key witness in the case, had pleaded guilty in January.
Former Intel executive and key government witness Rajiv Goel has said that he was not joking with Galleon Group founder Raj Rajaratnam when telling him about the dealings of his company.
Indian American Rajat Gupta, a former director at Goldman Sachs, had violated the firm's code of conduct by disclosing details from a 2008 board meeting to hedge fund manager Raj Rajaratnam, the main accused in the largest hedge fund insider trading case to hit US courts, the company CEO Lloyd Blankfein has testified.
India, along with four other members of the United Nations Security Council, abstained from voting on a resolution that approves a no-fly zone over Libya and authorises "all necessary measures" for protecting civilians there from Colonel Muammar Gaddafi's forces. Ten of the 15-member body voted in favour of the resolution, but five nations -- China, Russia (which have veto power) and non-permanent members India, Germany and Brazil -- abstained from voting.
Ibrahim Dabbashi, Libya's deputy envoy to the United Nations, who had turned against Muammar Gaddafi, has called on the United Nations Security Council to pass a resolution imposing a no-fly zone in the North African country within the next 10 hours.
The NYT identified the missing journalists as Anthony Shadid, the Beirut bureau chief and twice winner of the Pulitzer Prize for foreign reporting; Stephen Farrell, a reporter and videographer who was kidnapped by Taliban in 2009, and two photographers, Tyler Hicks and Lynsey Addario, who have worked extensively in the Middle East and Africa
During the trial proceedings on Tuesday, John Dowd, Galleon Group founder Rajaratnam's defence lawyer, cross-examined Kumar, a former McKinsey & Co. partner who gave his direct testimony.
Former McKinsey director Anil Kumar on Friday testified against his ex-Wharton classmate and Sri Lankan-born billionaire Raj Rajaratnam in the biggest insider trading case to hit US courts in decades.
Both the prosecution and defence made opening statements on the second day of the trial involving the Sri Lankan-born billionaire who faces charges of 14 counts of security fraud and conspiracy.
Welcoming the resumption of talks between India and Pakistan, the United States has urged both the nations to work in the same spirit to help in ensuring stability in war-ravaged Afghanistan. "Indeed, we are encouraged by the news that India and Pakistan are re-launching a dialogue aimed at building trust, and we encourage them to work in that same spirit to support a political process in Afghanistan," US Secretary of State Hillary Clinton said.
Secretary of State Hillary Clinton on Sunday assured External Affairs Minister S M Krishna that the issue of Indian students enrolled in the Tri Valley University would receive her promptest attention and that 'justice' would be done in the matter. Clinton gave the assurance in the matter during a 40-minute telephonic conversation with the visiting Indian minister. Clinton has asked Indian Ambassador to the US Meera Shankar to meet her on Monday and provide all the details.
External Affairs Minister S M Krishna was caught in a public gaffe when he inadvertently read out the speech of the Portuguese minister at a United Nations Security Council meeting at the United Nations, but rectified the error after an Indian official drew his attention to the mistake. Speaking at the United Nations Security Council at a debate on security and development on Friday, Krishna read out the wrong speech for nearly three minutes before being corrected.
Concerns that Afghanistan and India became too close in the post-2001 period was one reason why Pakistan was reluctant to act against Taliban and Al Qaeda, according to a report, which recommends engagement with the militants to end the conflict in the restive nation.
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