Rajat Gupta, a member of Goldman Sachs’ board of directors, is under investigation for allegedly providing insider information to the Galleon Group founder Raj Rajaratnam, a newspaper report has claimed.
Unnamed sources close to the matter told Wall Street Journal that Mr Gupta, thought to be an associate of Mr Rajaratnam, is being investigated.
Mr Rajaratnam is one of 22 traders charged over alleged involvement in what is thought to be one of the largest insider trading rings of all time.
A recent letter, filed in court last week, revealed that stocks in Goldman Sachs, along with Cisco and AT&T, were among those illegally traded by the Galleon Group founder and his accomplices.
A spokesman for the member of Goldman Sachs’ board told the news provider: “Mr Gupta is unaware of any examination of any such issue and has done nothing wrong.”
No criminal charges have been filed against the banker.
Meanwhile, Mr Rajaratnam and his colleague Danielle Chiesi both deny the charges against them.
A trial is expected to begin at a federal court in New York later this year.
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