From Reuters: Having decided not to take the witness stand
at his insider-trading trial, former Goldman Sachs board member Rajat Gupta on
Monday called longtime friends and his eldest daughter to testify on his
behalf.
Gupta's daughter, Geetanjali Gupta, 33, had barely begun
answering questions from a defense lawyer in U.S. District Court in New York
when a prosecutor's objection led to a long conference at the judge's bench,
one of many that have punctuated and prolonged a trial now in its fourth week.
Gupta, 63, is charged with securities fraud and conspiracy
over allegations he illegally breached his fiduciary duties by passing
corporate secrets to former Galleon Group hedge fund manager Raj Rajaratnam,
his one-time friend. Gupta denies the charges and his lawyers argue that the
government has a weak, circumstantial and speculative case.
Gupta's main lawyer, Gary Naftalis, had begun questioning
Geetanjali Gupta about a conversation she had with her father in September 2008
about an investment with Rajaratnam when the government objected…
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