What did Rajat Gupta do?
But what Gupta is better remembered for these days is his epic fall in October 2011, when federal prosecutors in Manhattan indicted him for securities fraud, charging him with tipping his hedge fund friend Raj Rajaratnam, founder of the New York investment firm Galleon Group, with corporate secrets he gleaned as a …
How did the case against Rajat Gupta begin?
The case against Mr. Gupta revolved around the day in the fall of 2008 when Warren Buffett agreed to make a crucial investment in Goldman Sachs, bolstering public confidence in the firm when such confidence was in dangerously short supply. Sixteen seconds after Goldman’s board finished discussing Mr.
Who is the owner of Ranbaxy?
Sun Pharmace… Industries…Daiichi Sankyo
Ranbaxy Laboratories/Parent organizations
How many years was Rajat Gupta in jail?
Rajat Gupta, retired head of consulting firm McKinsey & Co. and a former Goldman Sachs board member, was convicted nearly seven years ago of insider trading, and spent 19 months behind bars.
When was Rajat Gupta sentenced?
In 2012, a federal jury in New York found Gupta guilty of passing secret information about an investment in Goldman Sachs to his hedge fund manager friend Raj Rajaratnam. Rajaratnam, a billionaire of Sri Lankan origin, was sentenced to 11 years of jail in 2011. “I did no trading…
Is Rajat Gupta still in McKinsey?
Gupta maintained an office, executive assistant, email and phone at McKinsey and Company after 2007, and maintains the title “senior partner emeritus” of the firm.
Why did Ranbaxy brothers go to jail?
Both Malvinder and Shivinder are in Tihar jail for two years on charges of alleged illegal diversion of funds and money laundering. Mails sent to their families did not elicit any response.
Who is Dinesh Thakur Ranbaxy?
NEW DELHI: Dinesh Thakur, the former Ranbaxy executive who pocketed Rs 244 crore ($48 million) for blowing the whistle on the dubious manufacturing practices of the country’s largest drug maker, has made some of his peers and ex-colleagues turn green with envy. “I worked for the company for almost two decades.
Are Singh brothers still in jail?
Arrest. Their former company, Religare Finvest, reported the Singhs’ crimes to the EOW, alleging embezzlement. As of 9 February 2021, both Singh brothers remain under arrest as their judicial custody has been extended until the next hearing.
Did Rajat Gupta go to jail?
NEW DELHI (Reuters) – Rajat Gupta, one of the most prominent members of the global financial elite until he was convicted of insider trading in 2012, has revealed he was kept in solitary confinement for weeks during his incarceration in an American federal prison.
What was Rajat Gupta convicted for?
In 2012, a federal jury in New York found Gupta guilty of passing secret information about an investment in Goldman Sachs to his hedge fund manager friend Raj Rajaratnam. Rajaratnam, a billionaire of Sri Lankan origin, was sentenced to 11 years of jail in 2011.
Where is Dinesh Thakur now?
Veteran theatre actor-director Dinesh Thakur, known for his character roles in Hindi films of the 70s, passed away here today after prolonged illness. Thakur was suffering from kidney ailments and died at a suburban Andheri hospital, family sources said. He was 65 and is survived by actor-wife Prita Mathur.
Is Ranbaxy still in business?
Ranbaxy Laboratories will cease to exist as a company after completion of the $4 billion merger with Sun Pharmaceuticals, although its brands will be kept alive in over 100 markets.
How many years Rajat Gupta was in jail?
India-born former Goldman Sachs director Rajat Gupta, who served 19 months in a US jail for insider trading, described his solitary confinement in the prison as torturous and extremely hard and said it was like being on Vipassana for eight weeks involuntarily.
Where is Shivinder Singh now?
Both Malvinder and Shivinder are in Tihar jail for two years on charges of alleged illegal diversion of funds and money laundering.
Why Indian entrepreneurs should read Success Stories of other entrepreneurs across India?
The success stories of Indian Entrepreneurs across India will serve as an inspiration for those hoping to make it big in the entrepreneur world. These success stories are nothing short of inspiring and prove one fact over and over again – everything is possible; if you have the will to accomplish it!
Who are the Indian entrepreneurs who made it big from scratch?
SugerMint profiles six success stories of Indian entrepreneurs who made it big from the scratch. Read on.. Anand Mahindra is an Indian entrepreneur, and the chairperson of Mahindra Group, a Mumbai-based business conglomerate.
Are success stories inspiring you?
These success stories are nothing short of inspiring and prove one fact over and over again – everything is possible; if you have the will to accomplish it!
How did Radhakishan Damani start his business?
At the age of 32, Radhakishan Damani started the stockbroking business. Dmart was founded in 2000 in Powai, Mumbai and is a one-stop hypermarket chain and supermarket in India. D’Mart offers a wide range of basic home products and personal care products under one roof.