Rajaratnam Had Two Goldman Employee Tippers, Lawyers Say
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A second Goldman Sachs Group Inc. employee is under investigation for passing illegal tips to Galleon Group LLC co-founder Raj Rajaratnam, a lawyer for former Goldman Sachs Director Rajat Gupta said in court today.
Gupta, the one-time McKinsey & Co. leader who has pleaded not guilty, faces trial May 21 for allegedly leaking tips to Rajaratnam about Goldman Sachs and Procter & Gamble Co., where Gupta was also a director. He faces six counts of securities fraud and one count of conspiracy.