Rajat Gupta, the former Goldman Sachs Group Inc. director convicted of passing tips to his friend Raj Rajaratnam, was ordered to pay the bank more than $6.2 million in restitution as a victim of his insider trading.
Goldman Sachs argued that as a result of Gupta’s crimes, it was entitled to $6.9 million in legal fees and other expenses it had spent during a federal probe of the bank by the Manhattan U.S. Attorney’s Office and the Federal Bureau of Investigation, as well as a parallel investigation by the U.S. Securities and Exchange Commission.
