Tag Archives: 12014

Ex-Goldman Boss Goes To Jail For ‘Friendly’ Information Leak – 18 June 12014

RT logoA former director of the Goldman Sachs Group, Rajat Gupta, has begun a two year prison term for sharing confidential information. He still faces a fine of $13.9 million, and is banned from acting as an officer of a public company.

Gupta, 65, went to jail on Tuesday, almost two years after a US Court convicted him of passing confidential information he got during Goldman Board meetings to Raj Rajarantam, the founder of the Galleon Group hedge fund.

Gupta lost both a criminal and a civil case, concerning what he did when on the Goldman Board, and was ordered to make $6 million restitution to Goldman Sachs and pay a $5 million fine.

Read the full story at: www.rt.com / link to original article