Arab Today, arab today us supreme court rejects fallen wall street exec guptas appeal
Last Updated : GMT 19:26:42
Arab Today, arab today
Arab Today, arab today

US Supreme Court rejects fallen Wall Street exec Gupta's appeal

Arab Today, arab today

Arab Today, arab today US Supreme Court rejects fallen Wall Street exec Gupta's appeal

Rajat Gupta
Washington - AFP

The US Supreme on Monday rejected a last-ditch appeal from ex-Goldman Sachs director Rajat Gupta, keeping intact his two-year prison sentence for insider trading.

The top US court declined without comment to hear Gupta's challenge to his 2012 conviction for passing inside financial information to billionaire Sri Lankan businessman Raj Rajaratnam, founder of the Galleon Group LLC hedge fund.

Gupta, 66, a former Wall Street star, had asked the court to invalidate a March 2014 decision by a Manhattan appeals court affirming his conviction.

In addition to the prison sentence, Gupta was ordered to pay a $13.9 million fine.

 

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