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Rajat Gupta, Corporate Wise Man, Set for Trial in Insider Case

I would have titled this ‘wise guy’ but alas..

Rajat Gupta, left, and his lawyer Gary Naftalis, right.Rajat Gupta, left, and his lawyer Gary Naftalis, right.

Movie stars, government leaders and professional athletes converged on Lincoln Center last month to celebrate Time magazine’s list of the world’s 100 most influential people. Seated at a table with the television host Matt Lauer and the actress Claire Danes was the prosecutor Preet Bharara, honored for his crusade against Wall Street corruption.

Only a few years ago, the Time 100 could have easily included Rajat K. Gupta, who led the elite management-consulting firm McKinsey & Company and was a confidant of corporate chiefthieftains and major philanthropists around the globe.

Mr. Gupta appears at the top of a very different list today. He is the most prominent criminal defendant ensnared by the Justice Department’s sweeping campaign to end insider trading — a campaign led by Mr. Bharara, the United States attorney for the Southern District of New York.

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(Source: The New York Times)