Dueling Portrayals of Former Goldman Director at Insider Trading Trial - NYTimes.com
Mr. Gupta, a former director of Goldman Sachs and Procter & Gamble, stands accused of leaking boardroom secrets about those two companies to his friend and business associate Raj Rajaratnam, the convicted former money manager who ran the Galleon Group, once one of the world’s largest hedge funds. The government depicted Mr. Gupta, a resident of Westport, Conn., as the ultimate insider who, after running the elite consulting firm McKinsey & Company, joined the boards of Goldman and P.& G. As a director, he was privy to these companies’ most closely guarded secrets.
“Gupta threw away his duties, threw away his responsibilities and broke the law,” Mr. Brodsky said.
Mr. Brodsky emphasized the ties between Mr. Gupta and Mr. Rajaratnam, who began doing business together during the middle of the last decade. Mr. Gupta invested in Galleon’s funds, and the two helped start a $1 billion private equity fund together.
“Together they offered each other far more than they could achieve individually,” said Mr. Brodsky.