Bombshell from Dealbook: Rajat Gupta, the former McKinsey Chairman and Goldman board member will be charged criminally with insider trading in the Galleon case.
Gupta has been in a cloud of suspicion over leaking confidential information to Raj Rajaratnam, the Galleon hedge fund manager, who was recently sentenced to 11 years in prison.
He has previously been charged in a civil capacity by the SEC relating to his conveying the fact that Goldman was to received an investment from Berkshire Hathaway during the financial crisis.
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