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News Link • Criminal Justice System

Rajaratnam says U.S. pushed to turn on friend

• Reuters

Just weeks before fallen hedge fund tycoon Raj Rajaratnam was sentenced to 11 years in prison for insider trading, U.S. prosecutors pressed him to turn on his friend, former Goldman Sachs Group Inc director Rajat Gupta, Newsweek Daily Beast reported.

In his first interview about his case, Rajaratnam was quoted as saying that he was initially asked on the day of his October 16, 2009 arrest to "wear a wire" and record conversations with Gupta, also a longtime global head of elite consultancy McKinsey & Co.

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