NEW YORK: India-born former Goldman Sachs director Rajat Gupta will have to report to jail next week to begin his two-year sentence on insider trading charges after the U.S. Supreme Court rejected his bid to remain free on bail till his appeal for rehearing his conviction is decided on.

Gupta, convicted in 2012 of passing confidential board room information to his friend and business associate Raj Rajaratnam, is scheduled to begin his prison term on June 17.

U.S. district judge Jed Rakoff, who presided over his trial, would recommend that 65-year-old Gupta be assigned to a medium-security prison in Otisville, about 70 miles northwest of New York City.

Gupta had submitted an 118-page submission to Supreme Court Justice Ruth Bader Ginsburg on June 10, requesting to remain free on bail and saying that if an appeals court rules in his favour, he will “likely” be entitled to a new trial.

The former Mckinsey head, who has so far remained free on bail, said he presents no risk of flight or danger to the community, and he has abided by all conditions of release set by the district court.
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