If Sebi had adjudicated Rajat Gupta's case, he would have got off with a mild fine or probably the charges would have been dropped, not in spite, but because of his impeccable track record.
In an interview to Newsweek magazine, Rajaratnam, who will serve 11 years in prison, said the US government wanted him to 'wear a wire' and tape his conversations with Gupta, former chief executive officer of McKinsey.
Also to be questioned under oath by lawyers of the SEC and Gupta is Greg Ormond of Exemplar Wealth.
Round up of all the Ranji Trophy action on Thursday
Blankfein, 57 took the witness stand on Tuesday in Gupta's trial, which began in a Manhattan court on May 21.
The US Court of Appeals for the Second Circuit in New York said that briefs by Gupta on his appeal should be filed by January 18 next year while the government's motion should be submitted in court by March 15.
Julka recalls that after the May conviction of Gupta's billionaire friend hedge fund founder Raj Rajaratnam, Gupta seemed worried and nervous about his own future.
Berkshire Hathaway's India-born head of reinsurance business Ajit Jain, seen as a possible successor to billionaire investor Warren Buffett, will testify through a video deposition for his "close friend", former Goldman Sachs director Rajat Gupta in his insider trading trial.
Mumbai were bowled out for 181 in their second innings, setting J&K 243 runs to win the season-opening match.
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 judge said the evidence that Gupta passed illegal information about Goldman Sachs to now-jailed hedge fund founder Raj Rajaratnam was not only overwhelming, it was disgusting in its implications.
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.
In a lengthy-118 page submission to Supreme Court Justice Ruth Bader Ginsburg, Gupta requested to remain free on bail, saying he is not a flight risk and if an appeals court rules in his favour, he will 'likely' be entitled to a new trial.
He will be arraigned before US District Judge Jed Rakoff in the US District Court, Southern District of New York.
Gupta's lawyers said he did not accrue any 'direct financial benefit' from the insider trading offences and yet he has been ordered to pay a 'heavy price' of two years in prison, a $5 million fine and a separate $6 million in restitution to Goldman Sachs.
Opener Musheer Khan (112) and veteran Siddhesh Lad (100 not out) hit centuries to rally Mumbai to 289/5 on Day 1 of the Ranji Trophy Elite Group D match against Himachal Pradesh.
Vimal Khumar and Pradosh Ranjan Paul struck massive hundreds as Tamil Nadu piled up 399 for two against Nagaland on the opening day of their Ranji Trophy Elite Group A match in Dimapur on Saturday.
Contrary to popular notions, US laws protect the truly rich and powerful Rajat Gupta, however, was an outsider.
Karun Nair and Ravichandran Smaran made double hundreds as Karnataka gained upper hand over Kerala on the second day of their Ranji Trophy Elite Group B match.
In a double-dose bid to boost growth and employment prospects, the Union Cabinet on Tuesday approved a Rs 2.07 trillion outlay for a research development and innovation (RDI) Scheme to fund private sector innovations, and an employment-linked incentive (ELI) to create over 35 million new jobs over the next two years.
Former head of McKinsey & Co,c, is not alone in writing a book on his life after serving a prison term.
Netflix has announced a thrilling line-up for 2025.
Picking 10 excellent performances has been difficult but the attempt is to acknowledge the work of actors, who are often overlooked in favour of stars.
A criminal case was filed against Gupta by the United States Attorney's Office on October 26, 2011 for insider trading.
An Indian-origin law student has sued Manhattan's top federal prosecutor Preet Bharara and the US Justice Department claiming she was unlawfully questioned and her cell phone confiscated after she sent letters to the presiding judge during Rajat Gupta's insider trading trial.
America's biggest insider trading case that has rocked Wall Street has pitted one Indian-American against the other, in which New York's top federal prosecutor Preet Bharara will use every legal weapon to nail corporate America's poster boy Rajat Gupta and others.
The action came after a 'jatha' of 101 farmers, who resumed their foot march to Delhi shortly after 12 noon on Saturday from the Shambhu protest site on the Punjab-Haryana border, reached the barricades put up by the Haryana security personnel.
Prices of various car models -- ranging from entry-level hatchbacks to high-end luxury offerings -- are set to rise as automakers have announced price hikes with effect from January. Carmakers cite an increase in input costs and operational expenses as the main reason to implement price increases from the next month. Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units.
As many as eight Board of Directors of the Delhi & District Cricket Association (DDCA) have signed a joint resolution for withdrawal of all powers vested with president Rajat Sharma, a move that could have far-reaching implications.
Rajaratnam's appeal against his conviction comes a day after a federal judge sentenced his friend and business associate Indian-American Rajat Gupta to two years imprisonment for leaking boardroom secrets to him.
The year was rich in content as far as Web series were concerned.
A United States court in New York has dismissed a lawsuit filed by an Indian-origin law student against Manhattan's top federal prosecutor Preet Bharara and the justice department for unlawfully questioning her and seizing the phone during Rajat Gupta's insider trading trial.
Attorney David Frankel questioned Joseph Yanagisawa, an employee in Goldman Sachs's technology unit, about phone calls between the global banking giant's head of Asia Equity Sales David Loeb and Rajaratnam.
The Indian School of Business-Hyderabad recently celebrated its tenth anniversary. We trace the school's successful journey over the years and find out why it's so special.
She was also ordered to pay $1.5 million in forfeiture.
Jailed hedge-fund founder Raj Rajaratnam has agreed to pay $1.45 million to settle a civil lawsuit filed by US regulator SEC against him and India-born former Goldman Sachs director Rajat Gupta for their roles in one of the largest insider-trading schemes in US history.
The Prime Minister's global advisory council has been constituted. The setting up of the council was announced by the Prime Minister at the Pravasi Bharatiya Divas in Chennai.
Wherever you look, heroism seems to be on the retreat. Is this a modern malaise or are heroes doomed to fall, asks Arundhuti Dasgupta.
Another Indian School of Business (ISB) is taking shape. Rajat Gupta, the former CEO of McKinsey & Company and now a senior partner in the professional services firm, along with his team is planning to set up a second ISB, this time in the North. The existing ISB in Hyderabad was Gupta's brainchild and is among India's most coveted business schools. It is spread over 260 acres of land and was set up in December 1999 at a cost of around Rs 100 crore (Rs 1 billion).
Everyone feels that they have to compromise on their values due to greed of others.
