Former Goldman Sachs director caught up in Wall Street's biggest insider trading scandal 'to surrender to FBI'

27/10/2011 20:52

October 26, 2011



Source: Daily Mail

An ex-Goldman Sachs executive is facing charges of insider trading, sources have claimed.

Multimillionaire Rajat Gupta, 62, is expected to shortly surrender to the FBI on criminal charges of leaking inside information to Galleon Group hedge fund founder Raj Rajaratnam.

Billionaire Rajaratnam was given 11 years in prison earlier this month by a New York court, the longest sentence ever handed down for insider trading.

Surrendering to the FBI: Rajat Gupta, a former director at Goldman Sachs, is expected to give himself up on charges of insider trading

Mr Gupta, who was also once the global head of elite consultancy McKinsey & Co, is one of the most prominent business executives to be caught up in the Government's insider-trading probe.

Gary Naftalis, Mr Gupta's lawyer, would not comment on possible criminal charges but issued a statement echoing his previous comments that his client has committed no wrongdoing.

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