Rajat Gupta's stunning fall from grace
Gupta, 63, today was handed down a two-year prison term by US District Court Judge Jed Rakoff, who also ordered him to pay a USD 5 million fine. He was also ordered to serve a year of supervised release after the end of his prison term.
The rise and fall of 63-year-old Gupta, who went from being one of the most successful India-born businessmen in the US to being called "deceptive and dishonest" after his conviction on insider trading charges, has been the stuff of legends.
The Diwali of 2011 saw Gupta surrender himself before the FBI after charges of insider trading were filed against him by Manhataan's top federal prosecutor India-born Preet Bharara.
Born in Maniktala in Kolkata, Gupta is the son of a freedom fighter-turned-journalist father and school teacher mother.
An orphaned Gupta, who came to Harvard Business School on a scholarship after completing his B-Tech in Mechanical Engineering from IIT Delhi, charted an enviable career graph for himself.
Following initial years of struggle after his parents' untimely death, Gupta topped his class at Harvard and applied for a position at McKinsey, but was turned down for lack of business experience.
After a professor personally intervened with the then head of McKinsey, Gupta joined its New York office in 1973.
In just over 20 years,
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