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Ex-Goldman Sachs director Rajat Gupta's trial to begin in New York |
The trial of former Indian American Goldman Sachs director Rajat Sharma is set
to begin on Monday here. According to news.com.au, Gupta, 63, had previously pleaded
not guilty against charges of sharing secret board tips with a billionaire hedge
fund founder who was his friend. A former Procter and Gamble board member, Gupta
now faces conspiracy and securities fraud charges that carry a sentence of over
100 years in prison. The hedge fund founder, whom he was accused of helping, is
serving 11 years in prison, the longest sentence given someone convicted of insider
trading in the US . Prosecutors say they will take two weeks to present their
evidence while judges have claimed that the trial will not last more than a month.
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