find the latest legal job
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Legal Inhouse / Lawyer / Company Secretary
Category: Other | Location: Brisbane QLD 4000
· Fantastic Company · Potential to be Part Time / Flexible Work Pattern
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Ex-Goldman Sachs director denies fraud

Ex-Goldman Sachs director denies fraud

Former Goldman Sachs director Rajat Gupta has pleaded not guilty to insider trading charges. As The Sydney Morning Herald reports, a New York federal judge has freed Gupta on $US10 million ($9.6…

Former Goldman Sachs director Rajat Gupta has pleaded not guilty to insider trading charges.

As The Sydney Morning Herald reports, a New York federal judge has freed Gupta on $US10 million ($9.6 million) bail, but seized his passport.

It was in March this year when the US Securities and Exchange Commission (SEC) announced the insider trading charges against Gupta, which include five counts of securities fraud and one count of conspiracy to commit securities fraud.

According to the SEC, Gupta was charged for illegally giving the founder of Galleon Management and hedge fund manager, Raj Rajaratnam, inside information about the quarterly earnings of both Goldman Sachs and Proctor & Gamble, as well as an impending $5 billion investment in Goldman Sachs by Berkshire Hathaway.

If found guilty, Gupta faces more than 100 years in jail and a $US25 million fine.

Gupta served as a Goldman Sachs board member from November 2006 to May 2010 and served on the board of P&G from 2007 until March this year when he voluntarily stepped down.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Ex-Goldman Sachs director denies fraud
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Nov 24 2017
Demand lifts in 2017/18 for short-term finance to cover crises
Promoted by NWC Finance. The first five months of the 2017-18 financial year have seen unpreceden...
LCA welcomes religious freedom panel
Nov 24 2017
LCA welcomes religious freedom panel
The Law Council of Australia says the establishment of a panel which will examine the human right to...
Law Society launched a new website, legal politics and lawmaking
Nov 24 2017
Law Society launches project to engage young Aussies
The Law Society of NSW has launched a new website to engage young Australians in legal politics and ...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...