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Browse: Home / 2012 / June / 18 / What Rajat Gupta’s Conviction Means for India – India Real Time

What Rajat Gupta’s Conviction Means for India – India Real Time

By Securities Docket on June 18, 2012, 1:37 pm

The jury found that [Gupta] was “motivated not by quick profits but rather a lifestyle where inside tips are the currency of friendships and elite business relationships,” The Wall Street Journal reported.

The key words here are “friendships” and “business.” For many in India, it’s normal for the two to come together.

“In India, many of us are bemused by the accusations and the conviction. A man goes to jail because he shared information with a friend? By that yardstick, half of India would be in jail,” writes Anant Rangaswami in Firstpost.

via What Rajat Gupta’s Conviction Means for India – India Real Time

Posted in Criminal, Global | Tagged India, Insider Trading, Web Watch

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