Insider Trading case: Rajat Gupta’s Friends Rally for Support Ahead of Trial

A group of friends of former Goldman Sachs board member Rajat Gupta, including some top Indian businessmen, are rallying support for him ahead of a trial in the insider trading case linked to the Galleon hedge fund probe. Sri Lankan Raj Rajaratnam, who founded the fund, has already been sentenced to a 11-year jail term in the case.

NEW DELHI: A group of friends of former Goldman Sachs board member Rajat Gupta, including some top Indian businessmen, are rallying support for him ahead of a trial in the insider trading case linked to the Galleon hedge fund probe. Sri Lankan Raj Rajaratnam, who founded the fund, has already been sentenced to a 11-year jail term in the case.

Former McKinsey chief and ex-Goldman Sachs director Rajat Gupta (C) exits the Manhattan Federal Court with his lawyers after attending a pre-trial hearing on insider-trading charges in New York January 5, 2012.

A website titled " Friends of Rajat Gupta for fair play and justice " has been set up to garner support for the once powerful business executive. A respected personality in the world of finance and Wall Street, Gupta hobnobbed with the high and mighty but his alleged links in the Galleon hedge fund case stunned the world.

Gupta, who is a former CEO of global consulting firm McKinsey & Co, also served on the boards of Procter and Gamble and American Airlines.