A US court has upheld former Goldman Sachs Director Rajat Gupta's conviction on insider trading charges. The three-judge bench of the US Court of Appeals for the Second Circuit said in its order that the earlier ruling by the US District Court for the Southern District, convicting 65-year-old Gupta, sentence of two years in prison, of securities fraud and conspiracy to commit securities fraud, is affirmed. The court denied Gupta's bid for a new trial, ruling that there is no merit in his appeal.In 2012, Gupta was found guilty of passing confidential information about Goldman Sachs to his friend and business associate hedge fund founder Raj Rajaratnam just minutes after Gupta exited Goldman's board meetings. Gupta was sentenced to two years' imprisonment, to be followed by a one-year term of supervised release, and was ordered to pay a fine of 5 million US dollars. Gupta had been free on bail pending decision on his appeal.