Rajat Gupta's plea to overturn conviction must be rejected: Prosecutors

India-born former Goldman Sachs director Rajat Gupta’s latest bid to have his insider-trading conviction overturned should be rejected, prosecutors have told an appeals court here, asserting that he got a fair trial and the jury convicted him for his “criminal” conduct.

In a lengthy brief filed before the US court of appeals for the second circuit this month, US Attorney for the southern district of New York Preet Bharara said Gupta’s conduct of repeatedly tipping his business partner Raj Rajaratnam with material non-public information in “ways that furthered Mr Gupta and Mr Rajaratnam’s shared financial interests” remains “criminal” and he is “not actually innocent”.

Mr Bharara said Gupta’s appeals should be rejected.