Rajat Gupta | |
|---|---|
 Gupta in 2010 | |
| Born | Rajat Kumar Gupta December 2, 1948 |
| Nationality | American |
| Education | IIT Delhi (BTech) Harvard University (MBA) |
| Employer | McKinsey & Company |
| Title | Senior partner emeritus, former global managing director |
| Criminal charges |
|
| Criminal penalty |
|
| Criminal status | Convicted |
| Spouse | Anita Mattoo |
| Children | 4 |
Rajat Kumar Gupta (Bengali pronunciation: [ɾɔdʒɔt kumaɾ ɡuptɔ]; born December 2, 1948) is an Indian-American business executive who, as CEO, was the first foreign-born managing director of management consultancy firm McKinsey & Company from 1994 to 2003. In 2012, he was convicted of insider trading and spent two years in prison. Gupta was a board member of corporations including Goldman Sachs, Procter & Gamble and American Airlines, as well as an advisor to non-profit organizations such as the Bill & Melinda Gates Foundation and The Global Fund to Fight AIDS, Tuberculosis and Malaria. He is the co-founder of the Indian School of Business, American India Foundation, New Silk Route and Scandent Solutions.
Gupta was convicted in June 2012 of four criminal felony counts of conspiracy and securities fraud in the Galleon scandal. He was sentenced in October 2012 to two years in prison, an additional year on supervised release and ordered to pay $5 million in fines.[1] His conviction was upheld by a Federal Appeals Court on 25 March 2014.[2] He then lodged an appeal of his conviction with the U.S. Supreme Court which was subsequently upheld in April 2015. An application to remain free until the court determined whether it would hear the appeal was denied in June 2014, leaving Gupta having to commence his two-year prison term that month.[3] He was released on monitored house arrest in January 2016 and from house arrest in March 2016.
- ^ Tangel, Andrew, "Ex-Goldman director gets two years in jail for insider trading", latimes.com, October 24, 2012.
- ^ Protess, Ben (March 25, 2014). "Federal Court Rejects Gupta's Appeal for New Trial". The New York Times.
- ^ "Ex-Goldman director Gupta loses bid to stay out of prison". Reuters. Retrieved June 11, 2014.