The biggest fish to be caught up in the mess so far is Rajat Gupta, a former board member of Goldman Sachs and ex-boss of McKinsey, who has been charged by the SEC in an administrative proceeding for allegedly passing tips to Mr Rajaratnam. Mr Gupta has sued the SEC and is asking to stand trial in front of a jury. He may reconsider now that he has seen Mr Rajaratnam’s fate.
Read all about it @ http://www.economist.com/blogs/schumpeter/2011/05/galleon_trial_0 -- DEV BOREM KORUM Gabe Menezes.
