Send Gupta To Rwanda, Not Jail, Defense Says

Law360, New York (October 17, 2012, 6:37 PM EDT) -- Rajat Gupta has already been punished enough for insider trading without going to prison, his lawyers argued Wednesday, suggesting that the former Goldman Sachs Group Inc. director could do community service in rural Rwanda.

Gupta's stunning downfall from a career atop the U.S. business world is enough to deter corporate bosses from following his path, his lawyers contended in a brief to U.S. District Judge Jed S. Rakoff.

Gupta, 63, served on the Procter & Gamble Co. board and as chief of consultancy McKinsey & Co....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.