The trial of Rajat Gupta, former global head of McKinsey & Co. continues. Gupta is on trial, charged with leaking confidential information while serving on the board of directors of Goldman Sachs Group Inc and Procter & Gamble Co in 2007 and 2008.Gupta denies wrongdoing and is fighting the allegations.
Rajat Gupta (C), a former Goldman Sachs Group Inc and Procter & Gamble board member, exits the Manhattan Federal Court in New York May 21, 2012 with his family. His wife Anita along with their second daughter and many close friends, have been in attendance at his trial.
Lloyd Blankfein (L), Goldman Sachs Group Inc CEO, is seen in this courtroom sketch testifying in Manhattan Federal Court during the Rajat Gupta (bottom R) insider trading case in New York June 4, 2012.
Former Goldman Sachs Group Inc board member Rajat Gupta leaves Manhattan Federal Court in New York June 6, 2012. Lawyers for Gupta on Wednesday tried to use phone records to sow doubt at his insider-trading trial about contact with now-imprisoned hedge fund founder Raj Rajaratnam.
Prosecutors have alleged that Gupta tipped Rajaratnam, founder of the Galleon Group hedge fund, that Goldman was losing $2 per share in October 2008, when analysts were anticipating the bank to turn a profit.
Rajat Gupta (L), a former Goldman Sachs Group Inc and Procter & Gamble board member, arrives with his lawyer Gary Naftalis at the Manhattan Federal Court in New York June 7, 2012.
Goldman Sachs Chairman and Chief Executive Lloyd Blankfein (2nd R) leaves the Manhattan federal court after attending the Rajat Gupta insider-trading trial in New York June 7, 2012. Blankfein told a federal court jury on Thursday that he did not authorize former board member Gupta to share information about the bank that was discussed at board meetings.
Goldman Sachs Chairman and Chief Executive Lloyd Blankfein (C) talks to reporters as he leaves the Federal Court after speaking to the jury during the Rajat Gupta trading case in New York June 7, 2012.