Rajat Gupta was the former head of bluechip consulting firm McKinsey.
Gupta is scheduled to be released from prison in March, 2016.
A full panel of the 2nd US Circuit Court of Appeals yesterday denied Gupta's petition for 'panel rehearing, or, in the alternative, for rehearing en banc'.
The former employer incurred the amount as legal expenses during the trial.
Gupta was convicted in 2012 following a jury trial of passing confidential information about Goldman Sachs to Raj Rajaratnam minutes after he learned about them at the board meetings.
PE firm goes in for image makeover, appoints advisory group.
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The ruling by the Supreme Court was made in a parallel civil insider trading case brought against Gupta by federal regulator Securities and Exchange Commission.
India-born former Goldman Sachs director Rajat Gupta has asked a US appeals court to overturn a court's ruling that he pay a hefty $13.9 million fine in the insider trading case and sought reversing a life ban on him from serving as director of a public company.
Gupta filed a 70-page petition with the US Court of Appeals for the Second Circuit yesterday seeking 'panel rehearing and rehearing en banc', saying in 'rejecting two of his challenges to the exclusion of critical evidence in his case, the panel misapprehended several points' about the insider trading case against him.
He was convicted in his 2012 trial of passing confidential boardroom information to his one-time friend and business associate Raj Rajaratnam
Rajat Gupta had made the request to travel to India in February.
Gupta lost his final bid to avoid reporting to jail after the US Supreme Court last week denied his application to remain free on bail while his insider trading case is reheard.
Justice Ruth Bader Ginsburg, who handles emergency applications from the 2nd Circuit, on Wednesday denied Gupta's request to stay out of prison.
Last week the reputation of Gupta, one of the most revered business and management icons for the Indian American community, came under a cloud after the Federal Security and Exchange Commission charged him with insider trading.
He will now have to submit to the two-year jail term handed down to him.
Gupta began serving a two-year prison term on insider trading charges
Mumbai recovered from a batting collapse to take a 136-run lead over Karnataka on Day 2 of their Ranji Trophy quarter-final.
Gupta, who has also been associated with the UN in other capacities, succeeds John Chalsty who stepped down after a two-year term.
Gupta occasionally runs into his one time friend-turned foe Rajaratnam, also serving an 11-year prison term on insider trading charges in the same facility.
Karnataka, Maharashtra register innings wins to go 1-2 in Group B of Ranji Tropphy.
A magisterial inquiry into the September 24 violence in Leh, which resulted in four deaths, is expected to be completed within four weeks. The inquiry, led by Sub Divisional Magistrate Nubra Mukul Beniwal, aims to determine the facts and circumstances surrounding the incident.
Jharkhand''s Kumar Kushagra slams double-ton against Baroda in Ranji Trophy
Round up of all the Ranji Trophy action on Thursday
If Gupta had given Raj Rajaratnam information that Goldman Sachs was going to get an investment from Warren Buffet (and suppose, if Rajaratnam had not sold an already long position in Goldman stock based on this material, non-public information), would this have amounted to a criminal offence on Gupta's part?
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.
Mumbai were bowled out for 181 in their second innings, setting J&K 243 runs to win the season-opening match.
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.
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.
Every accomplished major immigration group in America has had its heroes and fallen heroes.
The Indian Institute of Technology and Harvard educated former McKinsey head is one of the most prominent Wall Street titans to be charged by fellow Indian and Harvard alumnus Bharara.
Nuanced US reaction to Rajat Gupta's fall shows greater maturity than the extremes we go to in India.
John Dowd, Rajaratnam's lawyer, asked the jury why Rajat Gupta, 62, would risk his entire career and reputation for nothing.
Leading IIT alumni in the United States, including former chairmen and CEOs of Fortune 500 multinational conglomerates like Raj L Gupta, expressed sadness over the Greek-like tragic fall of Rajat Gupta.
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.
In a 99-page sentencing memorandum submitted in federal court on Thursday, Gupta's lawyer Gary Naftalis requested that the 'court impose a sentence of probation with the condition that Gupta perform a rigorous full-time program of community service.'
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.
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.
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