A Cobrapost sting operation has bow the Indian banking system into a controversial row, exposing the alleged role of top private sectors lenders ICICI Bank, HDFC and Axis Bank in money laundering practices. Read more
Tag: Goldman Sachs
Ex Goldman Director, Rajat Gupta sentences 2 years in prison for insider trading
The former investment bank, Goldman Sachs director Rajat Gupta was sentenced today to two years in prison, much little than expected as 8-10 years prison sentence.
Rajat was convicted for the illegal sharing of corporate secrets to Raj Rajaratnam at the height of the 2008 financial crisis. Rajratnam was the hedge fund manager in the U.S. government’s crackdown on insider trading over the past four years, and today U.S. court found Gupta on guilty on insider trading crimes describing ‘disgusting’ and ‘a terrible breach of trust’. Read more
