Blankfein Testifies Rajat Gupta Violated Firm’s Policies

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March 24 (Bloomberg) -- Lloyd Blankfein, chief executive officer of Goldman Sachs Group, told a jury yesterday that former Goldman board member Rajat Gupta violated the firm’s confidentiality policies by allegedly telling Raj Rajaratnam about the firm’s earnings and strategic plans. Prosecutors called Blankfein to the stand to help build their case that Rajaratnam, the Galleon Group LLC hedge fund co-founder, traded on inside information about Goldman Sachs he obtained from Gupta. Bloomberg's Jon Erlichman reports. (Source: Bloomberg)

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