US Supreme Court rejects fallen Wall Street exec Gupta's appeal
Rajat Gupta
Washington - AFP
The US Supreme on Monday rejected a last-ditch appeal from ex-Goldman Sachs director Rajat Gupta, keeping intact his two-year prison sentence for insider trading.
The top US court declined without comment to hear Gupta's challenge to his 2012 conviction for passing inside financial information to billionaire Sri Lankan businessman Raj Rajaratnam, founder of the Galleon Group LLC hedge fund.
Gupta, 66, a former Wall Street star, had asked the court to invalidate a March 2014 decision by a Manhattan appeals court affirming his conviction.
In addition to the prison sentence, Gupta was ordered to pay a $13.9 million fine.
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