Former Goldman Sachs Director Rajat Gupta was sentenced to two years in prison and fined 5 million US dollar by a US District Court Judge Jed Rakoff. He was found guilty of leaking boardroom secrets to a hedge fund manager in the largest insider trading case in the country's history.

He was ordered to serve one year supervised release and will begin his jail term in January 2013. He was found guilty by a federal court in Manhattan on three counts of securities fraud and one count of conspiracy.

Rajat Gupta, the most high profile Wall Street executive had sought leniency from the judge, citing his otherwise unblemished career and philanthropic works.

Born in Kolkata, Gupta is the son of a freedom fighter-turned-journalist father and school teacher mother. He came to Harvard Business School on a scholarship after completing his B-Tech in Mechanical Engineering from IIT Delhi.