Thursday, June 7, 2012

Rajaratnam Added $4 Million To Gupta Fund Value





A lawyer for former Goldman Sachs director Rajat Gupta, who’s on trial for disclosing inside information, tried to persuade jurors that leaks from the bank came from another firm exec Bloomberg reports.

With the government’s case winding down in Manhattan federal court, prosecutors yesterday called Joseph Yanagisawa, who works in Goldman Sachs’s technology unit, to testify about records of phone calls between Gupta’s office and Chief Executive Officer Lloyd Blankfein’s office.
On cross-examination, defense lawyer David Frankel confronted him with phone logs showing two dozen calls between phones associated with David Loeb, Goldman Sachs’s head of Asia Equity Sales in New York, and Galleon Group LLC co-founder Raj Rajaratnam.  The logs showed calls from Loeb’s phones to numbers associated with Rajaratnam and Galleon trader Adam Smith on dates when Gupta is alleged to have tipped Rajaratnam, bolstering a defense claim that it was Loeb or others who leaked data..
.

No comments:

Post a Comment