Rajat Gupta fails to get appeals court relief

New York: India-born former Goldman Sachs director Rajat Gupta’s bid to overturn his conviction on insider trading charges was on Tuesday rejected by a US court which sentenced him to two years in prison.

The US Court of Appeals for the Second Circuit in its order on Tuesday rejected Mr Gupta’s bid and said, “We have considered all of Mr Gupta’s arguments on this appeal and have found them to be without merit.”

Mr Gupta, one of the prominent NRI, was found guilty in June 2012 of securities fraud and conspiracy to commit fraud.