Raj Rajaratnam News

Rajat Gupta argued that the conviction should be thrown out because US prosecutors failed to prove he got a personal benefit for passing tips to his friend Raj Rajaratnam

Apart from the two-year prison term, Gupta was fined $5 million and the Securities and Exchange Commission also slapped a $13.9 million penalty against him

Rajat Gupta, a former Goldman Sachs director, has persuaded a federal appeals court to take a fresh look at overturning his 2012 insider trading conviction

Rajat Gupta, who went to prison for leaking tips to hedge fund billionaire Raj Rajaratnam, was freed after receiving credit for good behaviour

Rengan Rajaratnam claims to have been cheated out of $13.5 million in pay while working for Raj Rajaratnam's Galleon Group

Gupta argued that he should be released because the US failed to prove he got a personal benefit for passing tips to Raj Rajaratnam

Raj Rajaratnam said in his letter that a key witness at his trial, Anil Kumar, lied during his testimony

Rajat Gupta was convicted in 2012 of passing illegal tips to Raj Rajaratnam, a co-founder of the Galleon Group LLC hedge fund

In seeking lesser punishments, both men cited a 10 Dec ruling by the 2nd US Circuit Court of Appeals that overturned two insider trading convictions

Under the agreement with the SEC, Rajaratnam will pay the $841,243 in four equal payments and will neither admit nor deny wrongdoing