The Part-Time Investor
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Rajat Gupta Charged With Insider Trading
Rajat Gupta was orphaned at 18, a native of Kolkata, received an engineering degree from the Indian Institute of Technology. He later earned a scholarship to Harvard Business School and secured a position at the consulting firm, McKinsey & Co.
At the age of 45, he was elected to run McKinsey, the first 'non-white' to do so. He was then appointed by Kofi Annan, the former UN Secretary General to advise on management reform. Rajat Gupta was also sought after to counsel to institutions, governments and business leaders around the world.
Then in 2007, he started a private equity firm, New Silk Route around which time, he befriended a Sri Lankan native, Raj Rajaratnam.
Now, Rajat Gupta is being charged with Insider Trading, disclosing 'secrets' gained from being a board member of Goldman Sachs to Rajaratnam, who traded based on the information and gained several million dollars.
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