A US judge has asked prosecutors to provide specific financial benefits they allege former Goldman Sachs director Rajat Gupta made by passing inside information to his friend Raj Rajaratnam amidst allegations that he also tipped him about Proctor and Gamble's 2008 sale of Folgers Coffee Co to JM Smucker.
If one searches for Trump Tower on Google Maps, they will not find that exact name there. Instead, they will find "Dump Tower," WPIX-TV reported.
Along with India's Consul General Dnyaneshwar Mulay.
The prosecution and defense presented their closing arguments in the high-profile insider trading trial of Gupta in Manhattan federal court on Wednesday.
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.
The defence on Monday presented in Manhattan federal court character witnesses, who testified about Gupta's honesty and integrity, before it prepares to wrap its case by Wednesday.
Sixty-three-year-old Gupta's trial, which began in Manhattan federal court on May 21, will resume today after a weekend break with his protege and former McKinsey executive Anil Kumar returning to the witness stand to testify against him.
Rajat Gupta, 70, the first Indian managing director of McKinsey and who of 17 months in US prison for insider trading, gets ready to tell his side of the story. And he is less than complimentary about Preet Bharara, then the famous crusading US attorney for the Southern District of New York. "The jury, the press and the public saw only... a 'cropped picture', he says. For someone whose life story was a model of the Great American Dream - an Indian of modest means who rose to the highest circles of politics and business, mingling with the White House and Davos crowd - his indictment in 2012 marked a stunning fall from grace. Many ascribed it to the hubris of the rich and powerful, says Kanika Datta.
Amidst a resurgent COVID-19 pandemic, nearly 100 million people have already cast their ballots in early voting, putting the country on course for its highest turnout in a century. Some 239 million people are eligible to vote this year.
Rajat Gupta was freed from Federal Medical Centre Devens, a federal correctional facility in Ayer, Massachusetts, on January 5.
With US counting its votes, here's a look at how Americans are reacting to the news.
Police in New York City police descended on Zuccotti Park in the wee hours of Tuesday to forcibly remove Occupy Wall Street protestors who have been camping in Lower Manhattan since September 17.
A 46-year-old Indian-American ex-headmistress of a Manhattan prep school, sentenced to two-to-seven years in prison for bedding one of her students in 2007, has surrendered after all her appeals exhausted.
The protests that began on September 17 by a small group of people in Manhattan have snowballed into a movement against the financial institutions, income inequality and corporate bailouts with thousands taking to the streets and courting arrests.
He just wanted to meet Donald Trump.
A glimpse into some beautiful railway and metro stations across the world.
Six persons have been killed and others injured when a train hit a car on the tracks.
The National Basketball Association filed a lawsuit on Tuesday against the players' union seeking a ruling that the lockout of players does not violate antitrust laws.
62-year-old Gupta appeared in Manhattan federal court but it was not immediately known what charges have been slapped against him by the prosecutors.
An Iranian-American accused of participating in a terror plot allegedly by elements in the Iranian government to assassinate the Saudi ambassador in Washington, has pleaded not guilty to the charges in New York on Monday.
The sentence -- which some legal considered light -- seemed to be the result of the consideration by the court that Rajaratnam, 54, was apparently in poor health and despite being on the wrong side of the law, had contributed over the years to charities and for benevolent activities.
In the lawsuit filed in federal district court in Manhattan, five of the protesters said police officers had led people onto the bridge's roadway and then prevented them from leaving the bridge on Saturday.
In unprecedented preparations to brave out the Hurricane Irene, New York authorities evacuated a quarter of a million residents and ordered complete shutdown of the mass transit system as Blackhawk and Chinook helicopters were placed on stand by for a weekend of torrential rains and massive storms
Gupta's lawyer Gary Naftalis submitted in a Manhattan court on Tuesday his list of 10 witnesses he would 'most want to depose on behalf of Gupta.'
News of all that's transpired on and off the football field
Almost sad they weren't meeting to form the world's most formidable comedy collective!
National Basketball Association (NBA) owners and players continued their last-ditch labour dispute talks in New York on Wednesday well after commissioner David Stern's deadline had passed.
Manhattan artist Sally Davies bought a McDonalds happy meal six months ago on April 10 of this year, and has photographed it everyday -- and six months later, the meal shows almost no signs of decomposing.
Manhattan artist Sally Davies bought a McDonalds happy meal six months ago on April 10 of this year, and has photographed it everyday -- and six months later, the meal shows almost no signs of decomposing.
For the second consecutive day on Friday, several Indian journalists went to the Memorial Sloan Kettering Cancer Centre on 68th Street and York Avenue in Manhattan, New York, where Congress chief Sonia Gandhi has reportedly undergone a surgery
Get your lowdown on what's going on in the world of Hollywood, right here!
A summary of sports events and persons who made news on Thursday
The much-awaited trial of Raj Rajaratnam, founder of erstwhile Galleon Group, who has been indicted by Federal authorities in the biggest insider trading case on the Wall Street, began on Tuesday in Manhattan Federal Court.
We don't know how a film like this makes it to the theatres, without the exercise of any quality control.
Two defectors from Iran's intelligence service have testified that Iran had prior knowledge of the 9/11 attacks in United States, according to a court filing that has sought damages for Tehran's direct support for the most deadly act of terrorism in American history.The defectors in the court filings had said that Iranian officials had "foreknowledge of the 9/11 attacks".
The world celebrates Christmas with great vigour and joy!
From Manhattan to Niagara Falls, hundreds of gay couples got married across New York on Sunday, one month after it was legalised in the state.
Raj Rajaratnam's 11-year sentence might be far less than what United States District Attorney Preet Bharara sought, but the legal eagle and his team have won a "huge victory," felt Ravi Batra, another high-profile desi lawyer in Manhattan.
The next hearing in the sexual assault case against former IMF chief Dominique Strauss-Kahn has been postponed until August 1 in order to give both sides more time to conduct their investigations.
Slain Al-Qaeda leader Osama bin Laden's son-in-law Sulaiman Abu Ghayth was on Tuesday sentenced to life in prison for conspiring to kill US nationals and providing material support to terrorists.
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