Rajat Gupta

  • 03 Mar 2011 at 3:50 PM

Raj Rajaratnam Tried To Stop The SEC From Charging His Goldman Buddy With Insider Trading

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Earlier this week, former Goldman Sachs board member Rajat K. Gupta was charged with passing material non-public information about GS to Galleon Group founder Raj Rajaratnam, 23 seconds after he heard it from Lloyd Blankfein. It’s been noted that in addition to being colleagues Rajat and Raj were also friends. Thick as thieves, if you will. And as friends, Rajaratnam went to bat for his bro, requesting that the SEC not file the “administrative order” against Rajat at all, or at least hold off a li’l while, he was worried about how bad it’d make his friend look (nobody dare say this was actually an attempt by Raj to save his own ass–we’re talking about friends helping friends here). Continue reading »

  • 02 Mar 2011 at 10:33 AM

Raj Rajaratnam Did Not Appreciate Having An Employee Question His Goldman Inside Information

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As we learned yesterday, some of the material, non-public information Raj Rajaratnam has been accusing of profiting on came from former Goldman Sachs board member Rajat Gupta. In one particular instance, Gupta participated in a conference call with Lloyd Blankfein, who discussed specifics re: upcoming earnings, and dialed up Rajaratnam 23 seconds later to furnish his pal with exact numbers. As he was getting his information almost directly from the horse’s mouth, you can imagine his patience was tested when a Galleon analyst questioned its accuracy. Continue reading »

  • 01 Mar 2011 at 12:59 PM

Goldman Sachs Board Member Couldn’t Wait A Single Second To Pass Insider Information To Raj Rajaratnam

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Okay, that’s not entirely fair. Rajat Gupt actually did wait a second– all 23 of them– to call Rajaratnam after an informative chat with Lloyd Blankfein. Continue reading »