US court denied Rajat Gupta permission to visit India in Feb
New York: A US court had denied Rajat Gupta - convicted for insider trading - permission to visit India in February for a family wedding, citing flight risk posed by the former Goldman Sachs director.Gupta,
New York: A US court had denied Rajat Gupta - convicted for insider trading - permission to visit India in February for a family wedding, citing flight risk posed by the former Goldman Sachs director.
Gupta, 65, had written to US District Judge Jed Rakoff on February 13 seeking to “modify his release conditions” to permit him to travel to New Delhi from February 27 to March 10, 2014 to attend his nephew's wedding.
But the US District Court for the Southern District denied his request, citing “strong motivation” for the India-born Gupta to use the occasion to flee to his native country. Gupta was convicted on insider trading charges in June 2012.
Federal prosecutor Richard Tarlowe had submitted in court that Gupta should not be allowed to travel to India for 11 days.
Gupta had made the request to travel to India in February while his appeal to throw out his conviction on insider trading charges was still pending in federal court.
Gupta, 65, had written to US District Judge Jed Rakoff on February 13 seeking to “modify his release conditions” to permit him to travel to New Delhi from February 27 to March 10, 2014 to attend his nephew's wedding.
But the US District Court for the Southern District denied his request, citing “strong motivation” for the India-born Gupta to use the occasion to flee to his native country. Gupta was convicted on insider trading charges in June 2012.
Federal prosecutor Richard Tarlowe had submitted in court that Gupta should not be allowed to travel to India for 11 days.
Gupta had made the request to travel to India in February while his appeal to throw out his conviction on insider trading charges was still pending in federal court.