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Be specific on financial benefits made by Gupta, prosecutors told
January 06, 2012

Update on the Rajat Gupta case.

A US judge has asked prosecutors to provide specific financial benefits they allege former Goldman Sachs director Rajat Gupta made by passing inside information to his friend Raj Rajaratnam amidst allegations that he also tipped him about Proctor and Gamble's 2008 sale of Folgers Coffee Co to JM Smucker.

The judge's direction came after Gupta's lawyers claimed he made no profits and called the government's allegations "mumbo jumbo".

 

Pictured: Raj Rajaratnam

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