Bloomberg News

Rajat Gupta Judge Says He’s Inclined to Allow July 2008 Call

May 16, 2012

The judge presiding over Rajat Gupta’s trial for insider trading said he’s inclined to let prosecutors introduce a secretly recorded July 2008 phone call.

On the call, Gupta discloses to Galleon Group co-founder Raj Rajaratnam details of a Goldman Sachs Group Inc. (GS:US) board meeting about the bank acquiring a commercial bank or American International Group Inc. (AIG:US) U.S. District Judge Jed Rakoff in Manhattan said that he will hear arguments from both sides before making a final ruling.

To contact the reporter on this story: Patricia Hurtado in New York at

To contact the editor responsible for this story: Andrew Dunn at

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Companies Mentioned

  • GS
    (Goldman Sachs Group Inc/The)
    • $191.61 USD
    • 6.58
    • 3.43%
  • AIG
    (American International Group Inc)
    • $55.01 USD
    • 0.99
    • 1.8%
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