US apex court denies Rajat Gupta's appeal against lifetime ban

January 13, 2015 10:20

The US Supreme Court has denied an appeal by India-born former Goldman Sachs Director Rajat Gupta, who had challenged a ruling by a lower court permanently banning him from from serving as an officer or director of a public company.

In the Supreme Court order issued yesterday, Gupta's certiorari was denied, in effect keeping intact the ruling made by the US Court of Appeals for the 2nd Circuit last year which had imposed a permanent injunction prohibiting the former McKinsey head from serving as an officer or director of a public company, associating with brokers, dealers, or investment advisors, and further violating securities law.

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