The NY Daily News reports that prosecutors in the
insider-trading trial of Rajat Gupta have suggested he leaked information about
Goldman Sachs to convicted hedge fund billionaire Raj Rajaratnam because he was
secretly serving as an executive of his Galleon Group.
Indian-American Gupta quietly served as an executive of
Galleon while also serving on the boards of Goldman Sachs and Procter &
Gamble, a witness testified Thursday at the Manhattan federal court trial.
Ayad Alhadi, a marketer for Galleon between 2008 and 2009,
told the court that he was called into Rajaratnam's offices a few days ahead of
a big fundraising trip to the Middle East and was told that Gupta was the new
chairman of Galleon International. Alhadi and Gupta then went together to the Middle East,
where they met with a slew of moneyed institutions - some of which were quite
taken with Gupta and his ties to Goldman, the witness said….
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