Close X
Tuesday, November 5, 2024
ADVT 
India

US Court Rejects Rajat Gupta's Appeal Against Conviction

Darpan News Desk IANS, 20 Apr, 2015 09:52 AM
    The US Supreme Court on Monday upheld the 2012 conviction of Rajat Gupta, the former Indian-American director of Goldman Sachs Group, in an insider trading case.
     
    Gupta, the highest-profile executive convicted in a US crackdown on insider trading by Manhattan's Indian-American prosecutor Preet Bharara, was accused of passing illegal tips to billionaire Galleon Group co-founder Raj Rajaratnam. 
     
    The tips included news about Goldman Sachs results and a $5 billion investment from Warren Buffett.
     
    Gupta, 66, is currently serving a two-year term in a US federal jail. He was also ordered to pay a $5 million fine. 
     
    Gupta's jail term is to end in March 2016.
     
    He was convicted in June 2012 for passing to Raj Rajaratnam, a Sri Lankan-American former hedge fund manager and founder of the Galleon Group, confidential information he obtained from Goldman Sachs board meetings.
     
    The high court rejected Gupta's appeal of a March 2014 ruling by the New York-based lower court that had upheld his conviction.

    MORE India ARTICLES

    SGPC, Sikh Groups See Red In 'Nanak Shah Fakir' And Sikh-Related Films

    SGPC, Sikh Groups See Red In 'Nanak Shah Fakir' And Sikh-Related Films
    Bollywood and other films showing anything to do with the Sikh religion or portraying characters as Sikhs are running into trouble with the Shiromani Gurdwara Parbandhak Committee (SGPC), the mini-parliament of Sikh religion, and other Sikh groups.

    SGPC, Sikh Groups See Red In 'Nanak Shah Fakir' And Sikh-Related Films

    Emergency Evacuation From Jet Flight In Khajuraho

    Emergency Evacuation From Jet Flight In Khajuraho
    The 59 passengers and eight crew members of a Jet Airways flight from Varanasi faced a major scare Tuesday and were subject to emergency evacuation Monday when their aircraft developed a technical snag while landing at Khajuraho.

    Emergency Evacuation From Jet Flight In Khajuraho

    After Saina, Sania's Turn To Hit The Top

    After Saina, Sania's Turn To Hit The Top
    Just three days after Saina Nehwal was deposed as World No.1 badminton player in only a week, her Hyderabad citymate Sania Mirza ascended to the throne on Sunday as the tennis world’s top doubles player.

    After Saina, Sania's Turn To Hit The Top

    Man Stabbed To Death For Demanding Unnatural Sex

    Man Stabbed To Death For Demanding Unnatural Sex
    A 40-year-old man was stabbed to death here by a youth for allegedly demanding unnatural sex, police said on Monday.

    Man Stabbed To Death For Demanding Unnatural Sex

    Delhi To Launch Drive Against Overloaded Vehicles

    Delhi To Launch Drive Against Overloaded Vehicles
    Delhi Transport Minister Gopal Rai on Monday said the Delhi transport department in collaboration with the transport departments of Uttar Pradesh and Haryana will conduct a drive against overloaded vehicles from April 15.

    Delhi To Launch Drive Against Overloaded Vehicles

    A Kashmiri Home We Left Behind 25 Years Ago - For Good

    A Kashmiri Home We Left Behind 25 Years Ago - For Good
    I have always found it tedious to answer the question: "Which is your hometown?" Not because I am a daughter of an army officer or belong to a family of travellers, but because "I was born in Srinagar and was brought up in Jammu." 

    A Kashmiri Home We Left Behind 25 Years Ago - For Good