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Prosecutors Unveil Key Raj Wiretaps As Gupta Case Builds

Law360, New York (May 24, 2012, 9:14 PM EDT) -- Prosecutors continued to build their insider trading case against Rajat Gupta on Thursday, deploying two wiretapped phone calls featuring convicted hedge fund manager Raj Rajaratnam alluding to tips he had allegedly received from the former Goldman Sachs Group Inc. director.

In its fourth day before a jury in New York federal court, the government used the recordings to methodically frame its case that Gupta had tipped Rajaratnam with inside information he learned while on the boards of Goldman and The Procter & Gamble Co. Rajaratnam was...
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