Rajat Gupta ordered to pay $6.2 million to Goldman Sachs

A federal judge in New York has ordered Rajat Gupta to pay $6.2 million to his former company Goldman Sachs who incurred his legal fees during the trial.

Indian born US businessman Rajat Gupta was convicted in white collar cheating case and awarded with two years imprisonment. He is currently out on bail.

“This Court has no difficulty in concluding, by a preponderance of evidence, that nearly all of the expenses Goldman Sachs here claims were the necessary, direct, and foreseeable result of the investigation and prosecution of Gupta’s offense of conviction,” judge Jed Rakoff said.

Rajat Gupta was director of Goldman Sachs and managing director of the consulting firm McKinsey & Co.

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