NEW YORK: India-born ex-Goldman
Sachs director Rajat Gupta's
conviction on insider trading charges
should not be thrown out as the
government provided "overwhelming"
proof against him for passing on
illegal information in return for
"expected potential pecuniary
gains," US prosecutors said.
The prosecutors said the IIT and
Harvard-educated former McKinsey
head, who is serving a two-year
sentence, had a "powerful" financial
incentive to tip his billionaire
hedge-fund operator friend Raj
Rajaratnam.