Ex-Goldman director Gupta reportedly facing criminal charges

[spanone]

Former Goldman Sachs director Rajat Gupta will surrender to the FBI on Wednesday to face criminal charges related to an ongoing insider trading investigation, sources close to the case told The New York Times and Reuters.

Gupta was named as an unindicted co-conspirator in hedge fund founder Raj Rajaratnam's trial earlier this year. He has denied wrongdoing.

The case against Gupta broadens the reach of the probe into the country's most powerful businesses, according to The New York Times. Most of the people charged with insider trading in the last two years worked on Wall Street, the newspaper noted.

Aside from being a director at Goldman Sachs, Gupta also sat on the board of Procter & Gamble and led one of the world's most powerful consulting companies, McKinsey & Company, the Times reported.

http://www.msnbc.msn.com/id/45040483/ns/us_news-crime_and_courts/#.Tqd5JGDtjf8

[dionysus]

1. neat

[MadAsHellInAmerica]

2. Let the sacrifices begin eh?

How worm turneth.

[glinda]

3. P & G bought up most brands of near natural pet foods. Am sure they did it

in order to lessen the competition to the Companies that put crap in the pet foods.