New York: Rajat Gupta, former Goldman Sachs Director and a one-time poster boy of Indians in the US, has begun his two-year jail term for insider trading while losing his appeal against paying nearly USD 14 million in civil penalties and ban on serving as a public company officer. India-born Gupta, 65, will now have to pay USD 13.9 million as penalty in the US Securities and Exchange Commission’s parallel insider trading case against him, in addition to the USD five million fine in the criminal case and USD 6.2 million restitution to Goldman Sachs.
Rajat Gupta begins prison term
RECENT STORIES
Union Budget 2026: Experts Call For Growth Push, SME Booster And Infrastructure Focus
Budget 2026: Sunday Trading Returns After 27 Years As Markets Open For Only 2nd Time
Gold Crashes ₹14,000, Silver Slumps ₹20,000 In A Day As Profit-Taking, Strong Dollar Hit Bullion
India’s Hotel Industry Earnings Seen Growing 16–21 Per Cent Through FY28 On Strong Demand:...
India’s Fiscal Deficit Touches 54.5 Per Cent Of Full-Year Target In April–December Period
.jpg)
