Gurumurthy Kalyanaram - Former Dean and former NYIT and UT Dallas professor Gurumurthy Kalyanaram reports on Rajat Gupta’s legal/lawsuit status. Gurumurthy Kalyanaram NYIT
Rajat Gupta has being battling civil and criminal complaints/lawsuits for the last four years. On the basis of criminal complaint/lawsuit by the US government, Rajat Gupta was convicted of three counts of security fraud (insider trading) and one count of conspiracy to commit fraud. And he was sentenced to two years of jail and asked to pay a fine of $5 million. Separately, Gupta was also asked to pay a restitution of over $ 6 million to Goldman Sachs. Gupta appealed the criminal conviction, but the Appeals Court denied any relief to Gupta and affirmed the lower court’s decision of conviction, and jail time and fine. Gurumurthy Kalyanaram Lawsuit