Former Goldman Sachs Group Inc board member Rajat Gupta, on
trial on insider trading charges, has decided not to testify in his own
defense, two days after his lawyer said it was "highly likely" he would
take the stand, according to a Reuters report.
"After substantial reflection and consideration, we
have determined that Mr Gupta will not be a witness on his own behalf in the
defense case," Gupta's main lawyer, Gary Naftalis, wrote in a letter to
U.S. District Judge Jed Rakoff on Sunday.
Gupta, 63, is fighting charges that he illegally divulged
financial information to his one-time friend and business associate, Galleon
Group founder Raj Rajaratnam, between March 2007 and January 2009 while serving
on the boards of Goldman and Procter & Gamble Co….
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