RAJAT GUPTA'S CONVICTION ON INSIDE TRADING UPHELD BY US COURTS.
PTI | Mar 25, 2014, 08.46PM IST
NEW YORK: India-born former Goldman Sachs director Rajat Gupta's bid to overturn his conviction on insider trading charges was on Tuesday rejected by a US court which sentenced him to two years in prison.
The US Court of Appeals for the Second Circuit in its order on Tuesday rejected Gupta's bid and said, "We have considered all of Gupta's arguments on this appeal and have found them to be without merit. The judgment of the district court is affirmed," the order said.
65-year-old Gupta was found guilty in June 2012 of securities fraud and conspiracy to commit securities fraud.