Reuters reports that a New York jury on Wednesday heard
former Goldman director Rajat Gupta on a FBI wiretap casually discussing
business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is
accused of tipping off about boardroom secrets.
The 23-minute phone call on July 29, 2008 has no direct
connection to the criminal charges against Gupta, but prosecutors played it to
jurors to show the cozy relationship he had with Galleon Group founder
Rajaratnam and their investments together.
"By the way, on that I want you to keep, us to keep
having the dialogue as to what ... you know how I can be helpful in Galleon
International. By the way not Galleon International, Galleon Group," Gupta
told Rajaratnam, re: the court transcript of the conversation.
Their discussion begins with Rajaratnam telling Gupta he
heard a rumor that "Goldman might look to buy a commercial bank" and
Gupta's response is that "this was a big discussion at the board
meeting." Investment bank Goldman did not acquire any bank. The
conversation goes on with Gupta seeking career and business advice from
Rajaratnam…
Wait, wait....there's more at http://in.reuters.com/article/2012/05/24/goldman-gupta-trial-jury-idINDEE84M0GD20120524
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