Monday, March 5, 2012

Friends with benefits: Movers and Shakers line up to vouch for ex-Goldman director


Unlike his fallen pal Raj Rajaratnam, former Goldman Sachs director Rajat Gupta appears to have no shortage of character witnesses willing to testify at his upcoming insider trading trial.

Indeed, dozens of well-heeled supporters are already putting their names on the line for the former consulting titan, including world-renowned speaker Deepak Chopra and Mukesh Ambani, the ninth-richest man in the world.

“I have never seen him ask for anything for himself, always for the greater good,” Ambani, the chairman of Reliance Industries, said recently on a little-noticed website called friendsofrajat.com.

Gupta, the former head of global consulting firm McKinsey & Co. who once rubbed elbows with the likes of Bill Clinton and Bill Gates, is the biggest fish caught up so far in Manhattan US Attorney Preet Bharara’s insider-trading probe.

Gupta is scheduled to go to trial in May on charges that he passed on trading tips to Rajaratnam when he served on the boards of Goldman Sachs and Procter & Gamble, including news of Warren Buffett’s $5 billion cash infusion into Goldman at the height of the financial crisis.

Read more: http://www.nypost.com/p/news/business/friends_with_benefits_jH8y0ooylnT44rFw88nBuI

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