U.S. Court Denies Rajat Gupta Permission To Visit India In February

Thursday, 27 March 2014, 00:30 IST
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NEW YORK: Former Goldman Sachs director Rajat Gupta had sought permission to visit India last month for a family wedding but a U.S. court denied his request citing "strong motivation" for the India-born convicted executive to use the occasion to flee to his native country.

Gupta, 65, convicted on insider trading charges in June 2012, had written to U.S. District Judge Jed Rakoff on February 13 seeking to "modify his release conditions" to permit him to travel to New Delhi from February 27 to March 10, 2014 to attend his nephew's wedding.

Federal prosecutor Richard Tarlowe had submitted in court that Gupta should not be allowed to travel to India for the 11 days.

Gupta had made the request to travel to India in February while his appeal to throw out his conviction on insider trading charges was still pending in federal court.

The IIT and Harvard Business School alumnus suffered a setback after the U.S. Court of Appeals yesterday upheld the verdict of the trial court that had sentenced him to two years in prison on insider trading charges.
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Source: PTI
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