Former Goldman Sachs board member Rajat Gupta has decided not to testify in his own defence during his trial on insider trading charges. |||
New York - Former Goldman Sachs Group board member Rajat Gupta, on trial on insider trading charges, has decided not to testify in his own defence, two days after his lawyer said it was “highly likely” he would take the stand. “After substantial reflection and consideration, we have determined that Mr Gupta will not be a witness on his own behalf in the defence case,” Gupta's main lawyer, Gary Naftalis, wrote in a letter to US District Judge Jed Rakoff on Sunday.
Just what Goldman did not need: a former board member of Goldman Sachs, Rajat Gupta has been charged by the SEC with insider trading, related to the Galleon insider trading scheme. It seems, Gupta was also tipped off about Berkshire... Read Post
Rajat Gupta, the former McKinsey & Co. executive and Goldman Sachs board member, will not testify in his own defense in the insider trading case against him, CNBC's Bertha Coombs reports. His lead defense attorney Gary Naftalis had ... Read Post