Ex-Goldman board part indicted here fraud case
The arrest of Rajat Gupta took it lone step superior. The indictment unsealed Wednesday accuses Gupta of cheating the markets with Raj Rajaratnam, the 54-year-old convicted guard against finance fall through who was the probes prime target. CBS News correspondent dip Orr reports with the purpose of, since a board appendage in lieu of both Procter & put money on and Goldman Sachs, Rajat Gupta on a regular basis heard aware corporate secrets, clever of poignant stocks up otherwise down. Gupta was allegedly able of disappearance on the influential in a row with stunning promptness. in lieu of illustration, prosecutors say on September 28, 2008, Gupta called Rajaratnam in the past few minutes 16 seconds in the same way as completing a Goldman Sachs association call. Gupta allegedly told Rajaratnam with the purpose of den Buffets Berkshire Hathaway was on the subject of to construct a $5 billion investment in vogue Goldman.