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Ex-Goldman Board Member Gupta Took Fifth Amendment, Judge Told

Former Goldman Sachs Group Inc. board member Rajat Gupta invoked his Fifth Amendment right not to incriminate himself when the U.S. Securities and Exchange Commission sought to question him, a prosecutor said.

Shortly before the start of proceedings yesterday in the insider-trading trial of Galleon Group LLC co-founder Raj Rajaratnam, Assistant U.S. Attorney Reed Brodsky asked whether the defense intended to introduce into evidence a submission that Gupta made to the SEC. Defense attorney John Dowd said he didn’t plan on telling jurors about the so-called Wells submission.