Rajat Gupta: From lofty board room to lowly jail cell

Rajat Gupta

Gupta was also appointed as special adviser on management reform to then UN Secretary-General Kofi Annan.

He additionally served on the UN Commission on the Private Sector and Development and was co-chairman of the United Nations Association of America.

While there are quite a few persons of Indian origin who have successfully handled leadership positions at one or another large global company, Gupta figures among the very few who have occupied corner offices of various such entities.

He is hailed as a poster-boy of Indians scaling great heights in corporate echelons abroad and his friends describe him as a God-fearing, "first-class guy".

But then the climate changed and Gupta found himself in the thick of an insider trading case.

Gupta's undoing began when his billionaire friend Raj Rajaratnam, a Sri Lankan, was charged by federal prosecutors of running of one of the biggest insider trading scams in US history.

Gupta met Galleon hedge fund founder Rajaratnam through another Indian-American McKinsey partner Anil Kumar.

Rajaratnam had made an anonymous contribution of a million dollars to the Indian School of Business, Hyderabad, which Gupta had co-founded with Kumar.

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