According to the Wall St Journal Rajat Gupta, once one of America's most-respected corporate directors, was indicted on six criminal counts in an insider trading case that prosecutors said was motivated not by quick profits but rather a lifestyle where inside tips are the currency of friendships and elite business relationships.
The U.S. accused Mr. Gupta of passing along nonpublic information to disgraced hedge-fund titan Raj Rajaratnam, gleaned from Mr. Gupta's role as a director at Goldman Sachs Group Inc. and Procter & Gamble Co. Mr. Gupta and Mr. Rajaratnam, the billionaire trader sentenced this month to an 11-year prison term, were good friends whose regular ..
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