by Rajat Gupta
Nov 2010 Receives Wells Notice from SEC (notification of intent to charge)
Jan 2011 Danielle Chiesi pleads guilty
Jan 20, 2011 Second superseding indictment filed against Rajaratnam
Feb 25, 2011 Submits Wells Notice response to SEC
Mar 1, 2011 SEC files civil administrative proceeding against Gupta
Resigns from remaining corporate and nonprofit board seats
Mar 2011 Rajaratnam trial begins
Wiretapped call between Rajaratnam and Gupta of July 29, 2008 played in courtroom
April 2011 Gupta countersues SEC, claiming he was denied his constitutional right to a jury trial
May 11, 2011 Rajaratnam found guilty on 9 counts of securities fraud and 5 counts of conspiracy
Judge Rakoff allows suit to proceed
Aug 5, 2011 SEC drops its civil administrative proceeding against Gupta, Gupta drops suit
Oct 13, 2011 Rajaratnam sentenced to 11 years in prison
Oct 26, 2011 Gupta indicted on five counts of securities fraud and one count of conspiracy to commit securities fraud, surrenders to FBI
SEC brings new civil insider-trading suit against Gupta
May 22, 2012 United States v. Gupta trial begins
June 1, 2012 Anil Kumar testifies for the prosecution
June 4, 2012 Lloyd Blankfein testifies for the prosecution
June 8, 2012 Government rests its case
Gupta makes the decision not to testify in his own defense
June 11, 2012 Geetanjali Gupta testifies for the defense
June 12, 2012 Defense rests its case
June 15, 2012 Convicted on three counts of securities fraud and one count of conspiracy. Acquitted of two counts of securities fraud
Oct 24, 2012 Sentenced by US District Judge Jed Rakoff to two years in federal prison. The judge also orders Gupta to pay a $5 million fine and $7 million in restitution. He is also fined $14 million by SEC.
Oct 2012 Gupta wins bail pending appeal from the appeals court
May 2013 Gupta’s appeal heard by Federal Appeals Court
Mar 25, 2014 Gupta’s appeal rejected by Federal Appeals Court on the grounds that there had been no irregularity in the way the trial was conducted
Jun 17, 2014 Gupta surrenders to FMC Devens correctional facility, Massachusetts
Dec 10, 2014 United States v. Newman overturns the convictions of two alleged insider traders, and in the process establishes a new standard for what could be considered “benefit” to a tipper. Since no tangible benefit was ever shown in Gupta’s case nor any quid pro quo established, this is significant.
April 20, 2015 Supreme Court declines to hear Gupta’s case
May 2015 Gupta files new appeal on the basis of United States v. Newman, arguing that under the standard of benefit defined by Newman, the judge in his trial improperly instructed the jury that benefit did not have to be tangible
July 2015 Judge Rakoff rejects Gupta’s claim that his case is appealable based on the Newman ruling, ruling that his conviction still stands
Aug 25, 2015 Gupta files new appeal against Rakoff’s ruling
Jan 5, 2016 Gupta released from jail
Feb 2016 Second Circuit Appeals Court agrees to hear Gupta’s appeal on the basis of Newman
Nov 2016 Appeal heard in appellate court
Jan 2019 Appeal denied
Index
Ackermann, Josef, 41
Ahluwalia, Montek Singh, 180
Alexander, Ashok, 177
Alhadi, Ayad, 237–39
All India Council for Technical Education (AICTE), 166
Ambani, Anil, 160–61
Ambani, Dhirubhai, 160
Ambani, Mukesh, 38
American Airlines, 208
American India Foundation (AIF), 41, 156–57, 213, 214, 268
American International Group (AIG), 210
AMR Corporation, 33, 208
Anjan, see Gupta, Kanchan
Annan, Kofi, 181, 188, 189, 202, 267
Arrow Electronics, 111–13
Ashley, Dick, 138, 152
AT&T Corporation, 104
Avahan (AIDS prevention program), 176–78
Bales, Carter, 108, 111
Barton, Dominic, 40, 48
Basu, Suprotik, 187, 254–55
Beales, Richard, 213
Bell Labs, 109, 113
Bengal famine, 1943, 14
Berkshire Hathaway, 23, 38, 57, 211, 213, 218, 252
Bhagavad Gita, 194, 251, 290–309
Bhandari, Anil, 57
Bharara, Preet, 51–54, 60–62, 65, 194, 234, 266
Bhasin, Pramod, 33
Blankfein, Lloyd, 23, 29–31, 202, 205, 206–07, 213, 216–17, 242–47
Bleeke, Joel, 143
Bloom, Barry, 178–79, 252
Booz-Allen, 96
Boston Consulting Group (BCG), 97
Bower, Marvin, 97, 122, 126, 135, 137–38, 140, 143–44
Bristol Myers Squibb, 263
Broad Street Capital, 212
Brodsky, Reed, 54, 224–25, 226, 230–31, 239, 240, 255, 257
Bryan, John, 27, 29, 30, 124–25, 207, 235
Buffett, Warren, 17, 23, 211, 218, 225, 229, 231, 242, 255, 257
Bulkin, Mike, 108
Burwell, Sylvia Mathews, 42
Bush, George W., 167, 183, 204, 216
Cardillo, Michael, 227, 235–36, 237
Carson, Johnny, 90
Caspar, Christian, 114–16, 118, 120, 122, 128, 133
Chambers, Ray, 157, 187, 201, 204, 213, 254
Chatterjee Group, The, 160
Chatterjee, Anjan, 57
Chatterjee, P.C., 57, 160
Chenault, Ken, 33
Chernin, Peter, 157
Chiesi, Danielle, 37, 45, 227
Chopra, Deepak, 299
Chowdhury, Jayashree (Kumkum), 11, 70, 77, 83, 236, 284
Chowdhury, Mrinal, 236
Churchill, Winston, 14
Clinton Global Initiative, 209, 213
Clinton, Bill, 155, 263
Cohn, Gary, 20, 46, 195–96, 204, 256–57, 269
Comey, James, 53
criminal justice system of the United States, 226, 285, 288, 312, 315
Daniel, Ron, 98, 116–17, 118, 122, 125, 131, 134
Dar, A.N., 98
Dave, 282, 292
Davis, Ian, 49, 57, 153, 158, 173
Dhingra, Naina, 185–86
DiBiasio, Dolf, 142
Didi, see Sen, Rajashree
Dirks v. S.E.C, 226–27
Dolan, Peter, 263
Druckenmiller, Stanley, 227
Earls, Greg, 282
Eisenberg, Caryn, 209, 228–30
Electrolux, 115
Ericsson, 115, 124
Feacham, Sir Richard, 183–84, 252
Federal Bureau of Investigation (FBI), 53, 63–64, 232, 245, 286
financial crisis, 2008, 5, 6, 23, 32–33, 53, 65, 208, 225, 235, 246–47, 256, 313
Firm Strategy Initiative, 142–43
FMC Devens, 9, 271, 290
Folgers Coffee–Smucker’s deal, 201, 234, 236
Food Machinery Corporation (FMC), 102–03
Forbis, John, 113, 114
Frankel, David, 229–30
Friedman, Jason, 36
Frost, Robert, 85, 194
Galleon Group, 4, 18, 20, 25, 35, 38, 50, 58–59, 198–99, 201, 204–05, 211, 219, 227, 232, 236, 237–39, 245, 254, 257, 270
Galleon International, 198–99, 205,237–39, 254
Gates Foundation, the, 33, 41, 155, 176, 177, 200, 210, 252
Gates, Bill, 41–42, 155, 157, 176, 177, 178, 180, 213, 263, 267
Gayle, Helene, 177
GE International, 108, 111
Genpact, 33, 205, 208
George, Bill, 234–35, 244
Ghebreyesus, Tedros Adhanom, 186, 213
Ghoshal, Sumantra, 163, 167
Gill, Harbinder, 87, 271
Gillette, 175
&n
bsp; Glenn, Duke, 112
Global Fund to Fight AIDS, Tuberculosis and Malaria (GFATM), 41, 181–89, 201, 204, 214, 252, 255, 264
Global Humanitarian Forum, 202
Gluck, Fred, 104, 108, 126–27, 128–30, 133, 146
Godrej, Adi and Parmeshwar, 165
Goel, Rajiv, 227, 228–29
Goldman Asia, 198
Goldman Sachs, 4, 5, 16–17, 19–20, 22–23, 26–27, 28–35, 37–38, 45–46, 49, 51, 55, 163, 166, 190, 193, 198–99, 200, 202, 204, 204–05, 206–07, 209–12, 216–18, 223, 227, 229–31, 234–35, 243–47, 250, 253–57, 265, 313
Gomes, Renee, 16, 49, 206, 209, 211–13, 216, 253
Green, Roger, 112
Gujarat earthquake, 2001, 155–57
Gupta, Aditi, 121, 150, 234, 245, 264, 268, 271, 300, 308
Gupta, Anita Mattoo, 7, 9, 20, 39, 44, 50, 57, 63, 65, 79–83, 85, 88, 91, 92, 96, 98–99, 102–03, 109–10, 113–14, 118, 121, 131–32, 142, 160, 173, 182, 187, 197, 203, 205, 207–09, 214, 223–24, 234, 240, 249–50, 258, 260, 264–65, 267, 270, 280, 283–84, 291, 295, 298, 300, 307–08
Gupta, Ashwini, 10–12, 15, 58, 69–74, 75, 77, 79, 81–82, 83, 85, 93, 95, 98, 103, 134, 140, 160, 182, 236–37, 258, 268–69, 276, 280, 296, 297, 298, 308, 309
Gupta, Deepali (Kushy), 132, 203, 206, 216, 264, 271, 308
Gupta, Geetanjali (Sonu), 7, 21, 27, 109–11, 114, 132, 150, 202, 208–09, 217, 224, 234, 250, 253–55, 259, 262, 264, 270, 271, 278–79, 292, 295–96, 298, 305
Gupta, Kanchan (Anjan), 11, 63, 77, 83, 236, 284
Gupta, Mala, 63, 236
Gupta, Prafulla, 92
Gupta, Pran Kumari, 10, 12, 72–79, 237, 297–98
Gupta, Vinod, 155–56
Haksar, Ajit, 85–86
Harman International, 33
Harvard Business School (HBS), 81, 85–86, 87–99, 100, 101, 107, 109, 113, 124, 157, 159, 160, 164, 214, 234
Harvard T.H. Chan School of Public Health, 178
HCL, 132
Henderson, John, 36
Heno, Elizabeth, 57
Henzler, Herb, 57, 133, 138, 301, 305
Holwell, Judge Richard, 62
Hoover, Bill, 118
India Tobacco Company (ITC), 83–86
Indian Institute of Technology (IIT), Delhi, 161, 162
Indian Institutes of Management (IIMs), 81, 161
Indian School of Business (ISB), 18, 39, 41, 160–72, 178, 179, 180, 189, 205, 211, 268, 301, 315
Intel, 227, 231
International Chamber of Commerce (ICC), 33, 41, 42–43
World Council Meeting, 202
Internet revolution, 144–46
Jacobs, Don, 162, 167
Jain, Ajit, 57, 218–19, 252
Jain, Dipak, 162, 167
Johannson, Leif, 115
Johri, Rajiv, 224
JP Morgan, 200, 202–03, 206, 208, 211, 238, 253
Kamal Nath, 39, 181
Kanagat, Atul, 57, 139, 221
Kanagat, Bina, 139
Katzenbach, Jon, 108, 109, 113, 127
Kauffman, Steve, 113
Kaul, Ajay, 121
Kaul, Aninda Mattoo, 121
Kaul, Rakesh, 57
Kellogg, 160, 162, 163, 166, 167, 170
Khan, Roomy, 45, 227
Kilts, James, 175
King, Henry, 231
KKR & Co., 202, 204–05, 206, 245
Kohli, Harinder, 89
Kolkata, 176–78
Korenberg, Matthew, 231
Krauss, Paul, 105–06
Kumar, Aman, 25, 47, 267
Kumar, Anil, 18, 23–26, 29, 33, 45, 47–48, 57, 133, 160, 204, 206, 227–28, 240–43, 250, 252, 255, 267
Kumkum. See Chowdhury, Jayashree
Kushy. See Gupta, Deepali
Lafley, A.G., 33, 175, 201
Lagarde, Christine, 42–43
Lau, George, 206
Lehman Brothers, 22, 46, 207–09, 210, 214
Loeb, David, 230–31, 253–55
Lohia, Rammanohar, 71
London School of Business (LSB), 163
Mahajan, Savita, 167
Malaria No More, 157, 187
Malhotra, Vik, 49
Mani, 277, 283, 291–92
Manly, David, 91–92, 95, 182
Manly, Doug, 92, 96
Manly, Anne, 92
Manny, 285
Mattoo, Arvind, 121, 280
Mattoo, Arya, 279
Mattoo, Avinash, 40, 63
Mattoo, Lucy, 280
Mattoo, Madhuri, 40, 63, 64
Mazumdar-Shaw, Kiran, 39
McKinsey & Company, 5, 18, 22, 23, 25, 27, 33, 37, 40, 42, 47, 48–51, 56–57, 64, 96–97, 98, 100–22, 123–35, 136–58, 170, 173, 174, 176, 179, 180, 185, 188, 189–90, 197, 198, 200, 201, 203, 204, 212, 218, 221, 232, 241, 262–63, 267, 301, 314
Business technology office, 143
Chicago office, 122, 123–35
eight laws of Rajat Gupta, 139–40
global expansion, 132–35
Internet revolution, 144–46
nonprofit practice, 154–55, 176
Office of the Managing Director (OMD), 138
Rajat Gupta elected managing director of, 5, 134–35, 141, 148, 151–2
Rajat Gupta excommunicated from, 48–51
recession, 151–53
Scandinavia office, 113–22, 123–24, 127–29, 130–31, 133, 138
McMillan, Steve, 124
McNerney, Jim, 33
Megha, 121, 150, 224, 236, 250, 258, 264, 271
Meka, see Nwanze, Chukwumeka
Menezes, Victor, 155, 157
Menon, Sreedhar, 57
Merani, Chander, 87–88
Merkel, Angela, 188
Miles, Bud, 103
Millennium Development Goals, 213
Millennium Villages Project, 157
Massachusetts Institute of Technology (MIT), 160
Mittal, Sunil, 38, 171
Molino, Jean, 23
Monsanto, 131
Moroz, Ina, 212
Morris Hall, 89
Muhlemann, Lukas, 133
Muniyappa, Ananth, 231
Munjal, Sunil, 171
Munthe, Gert, 120–21
Murray, Mike, 103, 108–09, 123–24, 126, 128–29, 130, 188
Nadar, Kiran, 57
Nadar, Shiv, 57, 133, 180
Naftalis, Gary, 28, 35–36, 39, 55, 58–59, 60, 63, 195–96, 223–25, 226–28, 232, 236, 239, 240–41, 243–47, 248–49
Naidu, Chandrababu, 165, 166
Needham & Co., 18
Nehru, Jawaharlal, 71, 76
New Silk Route (NSR), 198–200, 205, 228, 237, 261–62
Nielsen, Jan Aarso, 115, 118, 127–28
Norgas, Norway, 120
Novartis, 163, 165
Nutrasweet, 131
Nwanze, Chukwumeka (Meka), 202, 224, 295
Nwanze-Gupta, Meera and Nisa, 16, 262, 279, 295
Nycomed, 120
Obermayer, Micky, 118, 138
Orman, Greg, 61, 203, 214, 219, 253, 256
Palm, Greg, 16, 22–23, 26–27, 28–29
Pan IIT Alumni association, 157
Pandit, Ranjit, 153
Paulson, Hank, 20, 30–31, 165–66, 189–90, 207, 210
Pavlo, Walter, 313
Pawar, Raji, 57
PEPFAR bill, 204
Procter & Gamble (P&G), 4, 5, 32–33, 38, 175–76, 200–01, 214, 219, 230, 236, 260
public health, 178–80
Public Health Foundation of India (PHFI), 41, 180–81, 268, 315
public–private partnership, 179–80, 181
Punj, Mickey, 171
Puri, Tino, 101, 133
Radhakrishnan, S., 71
Rajaratnam, Asha, 19, 280
Rajaratnam, Raj, 56, 59, 200–03, 204–06, 208, 211–19, 223, 225–31, 235, 240–41, 244–45, 250, 253, 255–56, 259, 280–81, 288
criminal conspiracy, 23–25
bought Goldman stock, 4–5, 38, 193, 199
illegal financial arrangement with Anil Kumar, 18, 23–26, 29, 33, 45, 47–48, 57, 133, 160, 204, 206, 227–28, 240–43, 250, 252, 255, 267
and Rajat Gupta, relations/alleged phone calls, 4–5, 17–23, 26, 32–35, 37–38, 44–54, 61–62, 193, 195–97, 198–99, 200–01, 203–05, 210–12, 216–17, 218, 227, 237–40
trial, 29–30, 35, 43–45, 51–55, 56–58, 59, 62, 204, 228–29, 259
withdrawals from Voyager, 21–22, 23–24, 26, 45, 61, 200, 203, 205–06, 209, 214–15, 241–42
Rakoff, Judge Jed, 59–60, 222–25, 228, 236, 239, 244–45, 263–64, 266–67, 269, 270
Ramqvist, Lars, 115
Rangnekar, Ajit, 167
recession, 151–53
Red Cross, 154
Reddy, Srinath, 180–81
Renshaw, Melanie, 187
Ringnes, Christian, 120
Rockefeller Foundation, 41
Roth, James, 255
Rufus (dog), 307–08
Sachs, Jeffrey, 157, 187, 201, 211
Salmon, Walter J., 97–98, 170
Sanson, Norman, 133
Santhanam, Sanjay, 254
Sara Lee Corporation, 27, 124–25
Sarin, Ramesh, 84–85
Sarkar, Ashok, 79
Sasser, Earl, 93–94
Saxena, Parag, 198, 228, 261–62
Schutte, Richard, 254
Schwab, Klaus, 37, 154
Schwartz, Mark, 198
Scott, Lee, 174–75
Securities and Exchange Commission (SEC), 32, 33, 35–40, 51, 52, 58–60, 64, 217, 243, 246, 270, 313
securities fraud (insider trading), 4, 23–26, 34, 48, 52–53, 58, 62–63, 65, 201, 222–48, 269, 284, 313
Sen, Amartya, 180
Sen, Rajashree (Didi), 10, 78, 83, 95, 217, 236
Sen, Prabir, 236
Sen, Sanjoy (Partho), 217
shareholders’ council, 153
Sibal, Kapil, 167
Silverman, Les, 154
Singh, Analjit, 171
Singh, K.P., 263
Singh, Manmohan, 167, 178, 180, 181
Sinha, Pramath, 163, 167, 170, 252, 301, 305
Smith, Adam, 50–51, 227, 254
Smucker’s, 201, 234, 236
solitary confinement, 3–15
Sonagachi, Kolkata, 177
Sonu. See Gupta, Geetanjali
Sood, Anil, 253, 262
Sorkin, Andrew Ross, 52
Stonesifer, Patty, 176, 177
Summers, Larry, 157, 263
Summers, Todd, 255
Swamy, Subramanian, 80–81
Tagore, Rabindranath, 73, 81, 110, 140, 194, 287
Talwar, Rana
Tarlowe, Richard, 256
Tata, Ratan, 72, 81, 171
Telefonica, 145
Teresa, Mother, 140, 222, 263
Thompson, Tommy, 183–84
Trehan, Ravi, 18–22, 61–62, 200, 203, 212, 242, 253
