RAJATGUPTA 2 LAST

Written By Unknown on Sabtu, 13 Oktober 2012 | 23.24

Gupta faces a maximum sentence of 25 years. Gupta faces a maximum sentence of 25 years. The India-born ex-McKinsey head was found guilty by a Federal jury in June this year of passing confidential company information about Goldman Sachs to hedge fund founder and close business associate, Raj Rajaratnam. Letters by Gates and Annan are among the more than 200 that have been sent to the judge. India-born Ajit Jain, a top Berkshire Hathaway executive and possible successor to Warren Buffett, has also written to judge Rakoff in support of Gupta. Jain said in his letter that the impression of Gupta at his trial of someone who abused his position "for personal gain or aggrandisement" is "wholly inconsistent with the character of the man I know". "On no occasion of our meetings did Rajat ever seek to inappropriately obtain or leverage information," he wrote, adding that Gupta "has already paid a terrible price" and "been disgraced personally and professionally". Jain said in the years that he has known Gupta socially, "he customarily chided me to become more active in philanthropic causes." "I suspect that there are more meaningfully redemptive possibilities for Rajat than a substantial period of incarceration," Jain, who had earlier testified as a defence witness by videotape at the trial, said in his letter. Many letters have been written by company heads, academics, friends and family, including his wife and four adult daughters. "I know I have to accept the decision of the jury but I cannot but feel that who my husband is and what he stands for did not fully come out at the trial," Gupta's wife, Anita said in her letter to the judge. Corporate leaders in India, including Reliance Industries Chairman Mukesh Ambani, Godrej group head Adi Godrej, and Ajit Rangnekar, dean of the Hyderabad-based Indian School of Business which Gupta had co-founded, had also written letters in support of Gupta ahead of the trial. PTI YAS NS KSR

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