Rajat Gupta surrenders to FBI

Former Goldman Sachs director is in custody

Rajat Gupta, a former Goldman Sachs director and top partner at McKinsey & Co., surrendered to federal authorities today in relation to an insider trading case.

In March, the SEC brought civil charges against Gupta, who the commission alleges leaked inside information to convicted insider trader Raj Rajaratnam, former hedge fund manager and Galleon Group founder. At the time, Gupta’s attorney said the SEC had launched a "flawed case premised in large part on unreliable evidence."


Cathleen Flahardy

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