Rajat Gupta, a former director of Goldman Sachs, has been arrested by the FBI on suspicion of leaking information to jailed hedge fund billionaire Raj Rajaratnam.
Gupta, also former global head of management consultant giant McKinsey & Co, was arrested today on criminal charges related to his friend Rajaratnam as part of a continued crackdown on insider trading, according to reports. Gupta was identified eight months ago by prosecutors as an unindicted co-conspirator in Rajaratnam's case. He is alleged to have leaked inside information to Rajaratnam. Rajaratnam himself was sentenced to 11 years in jail earlier this month after a jury convicted him of securities fraud. Rajaratnam was found guilty of exchanging illegal stock tips about compani...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
