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Rajat Gupta

Rajat Kumar Gupta ([ɾɔdʒot̪ kumaɾ ɡupt̪o]; born 2 December 1948) is an Indian-American businessman and philanthropist who is currently serving a two-year term in US federal prison for insider trading. He was the first foreign-born Managing Director (chief executive) of management consultancy firm McKinsey & Company from 1994 to 2003. He was also a board member of corporations including Goldman Sachs, Procter and Gamble and American Airlines, as well as an advisor to non-profits such as the Bill & Melinda Gates Foundation and The Global Fund to Fight AIDS, Tuberculosis and Malaria. Additionally, he is the co-founder of the Indian School of Business, American India Foundation, New Silk Route and Scandent Solutions. He was convicted in June 2012 on insider trading charges of four criminal felony counts of conspiracy and securities fraud. He was sentenced in October 2012 to two years in prison, an additional year on supervised release and ordered to pay $5 million in fines. His conviction was upheld by a Federal Appeals Court on March 25, 2014. He then lodged an appeal with the U.S. Supreme Court. An application to remain free until the court determined whether it would hear the appeal was denied on June 11, 2014 leaving Gupta having to commence his two year prison term on June 17, 2014.