Raj Rajaratnam

Gupta disagrees with US Supreme Court's insider trading ruling

India-born former Goldman Sachs director Rajat Gupta, who is arguing in appeal that the government lacked evidence to show he "received even a penny" for passing insider information, has disagreed with a US Supreme Court ruling that sharing corporate secrets is illegal even if the tipsters did not receive anything in return.

Ex-Goldman chief fails to void insider trading conviction

US District Judge Jed Rakoff in Manhattan on Thursday rejected Gupta's argument that his tips to Galleon Group hedge fund founder Raj Rajaratnam were not illegal because his longtime friend gave him nothing valuable in return.

Insider trading conviction of Galleon's Rajaratnam stands

Rajaratnam, 56, is serving an 11-year prison term following his May 2011 conviction by a Manhattan federal jury on nine counts of securities fraud and five counts of conspiracy.

Ex Goldman director Rajat Gupta fined, banned in SEC case

The US Securities and Exchange Commission said the order was issued earlier in the day by US District Judge Jed Rakoff in Manhattan, who also oversaw Gupta's related criminal trial.

Conviction of Galleon's Raj Rajaratnam upheld

A federal appeals court on Monday upheld the insider conviction of Galleon Group hedge fund founder Raj Rajaratnam. The 2nd US Circuit Court of Appeals in New York rejected Rajaratnam's arguments that wiretap evidence in his case should have been suppressed, and that jury instructions on the use of inside information were inadequate.

Raj Rajaratnam brother charged with insider trading

A younger brother of Raj Rajaratnam was charged with insider trading on Thursday, nearly two years after the founder of the Galleon Group hedge fund was convicted of that crime.

Rajat Gupta asked to repay $6.22 million to Goldman

A federal judge on Monday ordered former Goldman Sachs Group Inc director Rajat Gupta to reimburse USD 6.22 million to the bank to help cover its legal expenses related to his criminal insider trading case.

Ex-Goldman director Rajat Gupta seeks conviction reversal

Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta are urging a federal appeals court to reverse his insider trading conviction, arguing that a judge shouldn't have allowed wiretaps to be heard at trial.

Rajaratnam agrees to pay $1.5m disgorgement in SEC case

US hedge fund manager Raj Rajaratnam has agreed to pay disgorgement of about USD 1.5 million in a civil lawsuit filed by the Securities and Exchange Commission, and to waive his right to appeal the judgment, court papers showed.

Shouldn't be required to pay USD 6.78 mn to Goldman: Gupta

India-born former Goldman Sachs Director Rajat Gupta has said he should not be required to pay the global investment banking firm USD 6.78 million it is asking as reimbursement for legal fees and other expenses incurred by it in connection with his insider-trading case.

Good Men Who Do Bad Things

Having finished his spectacular career at McKinsey in 2007, Gupta, for all his charitable endeavours, may have felt frustrated in not finding new business worlds to conquer

Billionaires risk liberty for a few million bucks: Bharara

In an exclusive to CNBC-TV18, US attorney for the Southern District, New York Bharara says that insider trading is â€˜pervasive‘ in the US and that organisations are not paying enough attention to building the right culture.

Judge Holwell: Rajat Gupta Verdict 'Not Surprising'

After the jury convicted Rajat Gupta of insider trading, Richard Holwell- who presided over the Raj Rajaratnam insider-trading trial- said that he was not surprised by the verdict. He also said that this verdict was a great success for the US Attorney‘s office and will strengthen their attack on Wall Street‘s business ethics.

Rajat Gupta convicted of insider trading by US jury

Former Goldman Sachs Group Inc board member Rajat Gupta was convicted on Friday on criminal charges of illegally tipping his hedge fund manager friend Raj Rajaratnam with corporate secrets.

Rajat Gupta trial evidence 'overwhelming': Prosecutor

Evidence in the insider-trading case against businessman Rajat Gupta is "overwhelming," a prosecutor told jurors at the trial's close on Wednesday, saying Gupta helped hedge fund manager Raj Rajaratnam make millions through secret stock tips.

I hope Rajat is a big boy: Rajaratnam

The jury in the high-profile insider trading trial of Rajat Gupta heard a 2008 wiretap in which now-jailed hedge fund founder Raj Rajaratnam apparently admitted he deceived Gupta over a USD 10 million investment and expected him to react like a "big boy" to the loss.

Insider trading probe swings from bankers to ballplayers

Federal authorities are moving from the skyscrapers of Manhattan to the clubby world of retired baseball players in California to uncover the next insider trading ring.

Leaked information to Rajaratnam after he taunted me: Kumar

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.