Rajat Gupta convicted on 4 counts

June 15th, 2012 - 11:35 pm ICT by IANS  

New York, June 15 (IANS) Former Goldman Sachs’ Indian American director Rajat Gupta was convicted Friday of four of six counts on charges of providing insider tips to convicted hedge-fund billionaire Raj Rajaratnam.

A jury at Manhattan federal court convicted Gupta of three counts of securities fraud and one count of conspiracy. He was acquitted on the remaining two counts of securities fraud.

The jury reached its verdict on the second day of deliberations concluding a four-week trial.

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