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Insider trading verdict

Updated at 10:21 am on 16 June 2012

A former Goldman Sachs board member has been found guilty on four charges 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 who is now serving 11 years in prison.

Rajat Gupta outside court.

Rajat Gupta outside court.

PHOTO: AFP (file)

He was acquitted on two other charges.

The BBC reports he could face up to 20 years in prison when he is sentenced on 18 October.

Gupta is a former managing partner of McKinsey & Co. He also served on the boards of Procter & Gamble, the Rockefeller Foundation and the Bill and Melinda Gates Foundation.


Copyright © 2012, Radio New Zealand

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