Gupta Case: Goldman, Berkshire names surface
Gupta, 63, has denied the charges of securities fraud.
NEW YORK:
The names of a Goldman Sachs board member and a top executive of Berkshire Hathaway surfaced on Friday as potential witnesses in the insider trading trial of Rajat Gupta, a former director of Goldman, Procter & Gamble and other companies. Gupta, a one-time global head of the McKinsey & Company consultancy firm, is the most prominent corporate executive charged in the US government’s broad investigation of Wall Street insider trading, a probe that used secretly recorded phone conversations as evidence. His trial is scheduled to start on April 9 in US District Court in New York. Gupta, 63, has denied the charges of securities fraud and conspiracy in providing inside tips about Goldman and Procter & Gamble board meetings to hedge fund founder Raj Rajaratnam.
Published in The Express Tribune, January 29th, 2012.
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