Ex-Goldman figure guilty of fraud

BBC News

A former Goldman Sachs board member has been found guilty of four criminal counts of insider trading by a federal court in New York.

Rajat Gupta, 63, denied illegally leaking boardroom secrets to Raj Rajaratnam, a former hedge fund manager now serving 11 years in prison.

The jury acquitted Gupta, a former managing partner of consulting giant McKinsey & Co, of two other charges.

Gupta could face up to 20 years in jail when he is sentenced on 18 October.

Read More: http://www.bbc.co.uk/news/business-18464817

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