Ex-Goldman Sachs director charged

Wed Mar 2, 2011

BBC News

The US Securities and Exchange Commission said Rajat Gupta leaked details about Warren Buffett's $5bn investment in Goldman in 2008 to Galleon Group founder Raj Rajaratnam.

The SEC said Mr Gupta had tipped Mr Rajaratnam by phone minutes before the investment by Mr Buffett's Berkshire Hathaway became public knowledge.

Mr Gupta's lawyer called the allegations "totally baseless".

Read More: http://bbc.in/fuHXaV 

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