Close X
Saturday, September 21, 2024
ADVT 
International

Former Goldman Sachs Director Rajat Gupta To Finish Sentence At New York Home

IANS, 21 Jan, 2016 11:30 AM
    Goldman Sachs Group's former Indian American director Rajat Gupta, freed early after serving 19 months in federal prison, will have to stay at home until March with an ankle bracelet, according to a media report.
     
    Gupta, convicted in June 2012 for leaking tips to hedge fund billionaire Raj Rajaratnam, was released on January 5 from Federal Medical Centre Devens, a federal correctional facility in Ayer, Massachusetts, 64 km from Boston.
     
    But even after release from Devens, he will remain a federal inmate until March 13, confined to his apartment in Manhattan's Century building in New York and required to wear an ankle bracelet that monitors his movements, according to the New York Times.
     
    Gupta, who began a two-year sentence for securities fraud a year and a half ago, applied last year to corrections officers for an early discharge from Devens.
     
    Under the Second Chance Act, the Bureau of Prisons is authorised to send an inmate to what is called community confinement for re-entry purposes, the Times said.
     
    Under the rules governing home confinement, Gupta can go to work, visit a doctor's office or attend religious services, Joel Sickler, the founder of the Justice Advocacy Group, a company that advises inmates on prison stays, was quoted as saying.
     
    "With permission, you can go shopping or get a haircut," he said.
     
    When Gupta was assigned to Devens, he was sent to the facility's minimum security camp which houses 124 inmates, the Times said.
     
    The camp is separate from the main prison where Rajaratnam is serving an 11-year sentence for insider trading. Inmates in the camp do not come in contact with prisoners in the main compound.
     
    But last summer, Gupta, 67, was transferred to the main compound, which houses 1,046 inmates and offers medical facilities.
     
    In April 2015, he was sent to the prison's Special Housing Unit for having an unauthorised item: an extra pillow.
     
    Gupta had grabbed the extra pillow, as many inmates do, to help ease a bad back. "Rajat ended up finding the medical centre more to his liking than the camp," Sickler was quoted as saying.
     
    "They didn't nitpick so much." He was also afforded a greater degree of privacy in the main compound, where inmates are housed in cells, rather than in open barracks.

    MORE International ARTICLES

    Court: Taj Mahal Casino Rightly Ended Worker Benefits

    Court: Taj Mahal Casino Rightly Ended Worker Benefits
    An appeals court ruled Friday that Atlantic City's Trump Taj Mahal casino was within its rights to end health insurance and pension benefits to its workers, removing the last major obstacle to billionaire Carl Icahn taking over.

    Court: Taj Mahal Casino Rightly Ended Worker Benefits

    21 Year Old Man Charged With Vandalism At Los Angeles Gurdwara

    21 Year Old Man Charged With Vandalism At Los Angeles Gurdwara
    A 21-year-old man has been accused of vandalising a Sikh temple property in California in December, and will be arraigned next month, according to a media report.

    21 Year Old Man Charged With Vandalism At Los Angeles Gurdwara

    US Policeman Charged With Slamming Indian Grandfather Acquitted

    To the shock of the Indian American community, a US judge has acquitted an Alabama police officer who slammed a visiting Indian grandfather to the ground while taking a walk outside his son's home.

    US Policeman Charged With Slamming Indian Grandfather Acquitted

    Nikki Haley Caught In Donald Trump's Crosshairs

    Nikki Haley Caught In Donald Trump's Crosshairs
    Nikki Haley's call to Republican presidential frontrunner Donald Trump to tamp down on his anti-immigrant rhetoric won praise from Republicans and Democrats alike, but the real estate mogul was not amused. 

    Nikki Haley Caught In Donald Trump's Crosshairs

    India-Born Businessman Hanu Karlapalem Runs For Mayor Of Alabama Town

    India-Born Businessman Hanu Karlapalem Runs For Mayor Of Alabama Town
    India-born businessman Hanu Karlapalem, is running to become the mayor of one of Alabama's fastest growing cities, a media report said.

    India-Born Businessman Hanu Karlapalem Runs For Mayor Of Alabama Town

    Indian-Origin PepsiCo CEO Indra Nooyi Becomes Yale's Biggest Alumni Donor

    Indian-Origin PepsiCo CEO Indra Nooyi Becomes Yale's Biggest Alumni Donor
    Chennai-born Nooyi, 60, who graduated from the school in 1980, has made the gift to also inaugurate the Fifth Decade Innovation Fund, the school announced.

    Indian-Origin PepsiCo CEO Indra Nooyi Becomes Yale's Biggest Alumni Donor