Rajat Gupta breaks his silence nearly 7 years after insider trading conviction
Updated : March 26, 2019 11:59 AM IST
Gupta was convicted in June 2012 on insider trading charges in the Galleon scandal. He was sentenced in October 2012 to two years in prison, an additional year on supervised release and had to pay $5 million as fine.
The Galleon scandal, was when Gupta was found guilty of insider trading and leaking privileged information obtained from his position on the board of Goldman Sachs to Raj Rajaratnam, founder of the hedge fund Galleon.
He told CNBC-TV18 that he made a mistake by doing business with disgraced hedge fund manager Raj Rajaratnam, which landed him in trouble.