India-born former Goldman Sachs Director, Rajat Gupta has been ordered to pay 6.2 million US Dollars for legal expenses incurred by his former employer during his trial in insider trading case. Gupta, who is currently on bail, was told to pay the amount for legal fees to Goldman Sachs by Federal Judge Jed Rakoff in New York. Gupta was sentenced to two years of imprisonment after he was convicted of leaking secrets about the company tohis business associate Raj Rajaratnam.
News On AIR | February 26, 2013 2:46 PM
Rajat Gupta ordered to pay USD 6.2mn to former employer Goldman Sachs