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This is an archive article published on February 27, 2013

Rajat Gupta to pay Goldman Sachs 6.2 mn

The money that Gupta now has to pay Goldman is separate from the cost of his legal defence

India-born former Goldman Sachs director Rajat Gupta has been ordered to pay 6.2 million for legal expenses incurred by his former employer during his trial in one of the biggest insider trading schemes in the US.

Gupta,64,was sentenced to two years of imprisonment last year after he was convicted of leaking secrets about the company to Galleon founder Raj Rajaratnam.

The money that Gupta now has to pay Goldman is separate from the cost of his legal defence. Guptas lawyer said that he is going to appeal against the ruling.

 

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