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Former Goldman Board Member Accused Of Passing Info To Raj Rajaratnam Will Be Taking Some Time Away From The Firm They Founded Together

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In 2006, Rajat K. Gupta founded New Silk Route, a 'hybrid private equity and hedge fund vehicle,' which counted people like Raj Rajaratnam as partners. Today, perhaps but not definitely in light of the news Gupta called the Galleon founder with inside information he'd obtained from Lloyd Blankfein 23 seconds after getting it, Rajat has decided to take some time away from the firm.

Rajat K. Gupta has taken a voluntary leave of absence from New Silk Route Partners...Gupta said he was taking the leave to “avoid any distraction and ensure New Silk Route’s continued focus on the execution of its investment strategy,” according to a statement from the company today. The move is effective immediately.

Gupta Takes Leave Amid SEC Charges [Bloomberg]