Rajat Gupta convicted of insider trading
Updated on Jun 16, 2012 01:21 pm IST
Former Goldman Sachs Group Inc board member Rajat Gupta has been convicted of illegally tipping his hedge-fund manager friend Raj Rajaratnam with secrets about the investment bank. A Manhattan federal court jury found Gupta guilty of three counts of securities fraud and one count of conspiracy, ending the four-week trial. However, he was found not guilty on two other securities fraud charges.
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