Rajat Gupta charged with insider trading

The former Goldman Sachs director turned himself in to authorities Oct. 26.

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Rajat Gupta listens during a televised session by Indian NDTV at the World Economic Forum on Jan. 28, 2010, in Davos, Switzerland. The former Goldman Sachs director surrendered to the FBI Oct. 26 after a four-year insider trading investigation. He became the "highest-ranking executive to be arrested in the probe," according to Bloomberg.

Eric Piermont / AFP/Getty Images

In March, the SEC charged Gupta with insider trading, saying that he passed sensitive information about Goldman to Raj Rajaratnam (pictured), billionaire founder of a major hedge fund. But the SEC withdrew the insider trading complaint in August. Rajaratnam, however, received an 11-year prison sentence for insider trading on Oct. 13. A person familiar with the case said that the 62-year-old Gupta "isn't being charged based on evidence" given by Rajaratnam, Bloomberg reported.

Louis Lanzano / AP

Gupta has moved in the highest echelons of the business world and served for years as head of the international consulting firm McKinsey & Co. He was also a board member at Procter & Gamble.

Alessandro Della Bella / AP

German Chancellor Angela Merkel, third from right, poses for a group photo in 2007 with Gupta, far right, who was then the chairman of the Global Fund to Fight AIDS, Tuberculosis and Malaria.

Fritz Reiss / AP

Gupta was educated at the Indian Institute of Technology and Harvard Business School.

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Gupta poses with European Commission President Jose Manuel Barroso of Portugal, right, and greets Portuguese Secretary General of the United Nations Jorge Sampaio, left, prior to a meeting in 2007 in Brussels.

John Thys / AFP/Getty Images

Gupta is seen with Prime Minister of India Manmohan Singh, right, and Chairman of Hero Corp. S. K. Munjal, center, during the inauguration of the Global Logistics Summit 2006.

Mahesh Kumar A / AP

Gupta was a business associate of Rajaratnam.

Gautam Singh / AP

World Bank President Paul Wolfowitz, right, speaks during a panel discussion at the Time Global Health Summit in New York in 2005. Gupta, center, listens.

Bebeto Matthews / AP

As the Worldwide Managing Director of McKing & Co., Gupta, left, along with Indian Prime Minister Atal Bihari Vajpayee, right, poses for a photograph in 2003 after receiving the "Pravasi Bharatiya Award" for work done outside India at the inauguration of the First Non Resident Indian Day conference.

Manish Swarup / AP

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