Gates and Annan were among more than 200 supporters seeking mercy for Gupta, citing his lifetime of good deeds. He will be sentenced on October 24th for leaking stock tips to hedge-fund manager Raj Rajaratnam. The letters were made public Friday by U.S. District Judge Jed Rakoff in Manhattan.
'I urge you to recognize Rajat for the good that he has done in this world, to give him the credit that he deserves for helping others, and to take into account his effort to improve the lives of millions of people', Annan said of Gupta’s work to reform management of the UN.
'I wanted to add my voice to those of other friends and colleagues of Rajat Gupta who are writing to you in order to round out Rajat’s profile', Gates said of Gupta’s service as chairman of an organization fighting AIDS, tuberculosis and malaria.
Gupta is the most prominent of the 69 people convicted since a nationwide crackdown on insider trading began in August 2009. Besides his tenure at Goldman Sachs, he served as managing partner of McKinsey & Co. from 1994 to 2003 and on the boards of Procter & Gamble Co. (PG), the Rockefeller Foundation and the Bill & Melinda Gates Foundation.
Hit the link below to access the complete Bloomberg article:
Bill Gates, Annan Urge Leniency for Inside Trader Gupta
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