The US court has sentenced two years of prison to Wall Street titan and philanthropist Rajat Gupta. Gupta was found guilty of leaking vital information to Raj Rajaratnam during his time with Goldman Sachs.

US court announces the sentence

Philanthropist and Wall Street titan Rajat Gupta has been sentenced for two years prison along with a fine of $5 million. Rajat Gupta was convicted for leaking out the secrets of Goldman Sachs to Raj Rajaratnam. The US prosecutor has demanded for a tougher sentence for the crimes committed by Rajat Gupta. The judge called the crimes committed by Rajat Gupta as €disgusting' and €a terrible breach of trust'. The secrets were shared by Rajat Gupta at the height of financial crisis that occurred in the year 2008.The judge said the act was equivalent to stabbing Goldman in the back. In the courtroom along with the audience were Gupta's four adult daughters and his wife. The judge also spelled out the extraordinary philanthropy that Gupta had done over the decades. Gupta showed no visible reaction on hearing the sentence, which was delivered at the end of the session. It is possible to buy online images of Rajat Gupta before entering the court room.

Support for the philanthropist

Kofi Annan, former United Nations Secretary General and Microsoft co-founder Bill Gates were amongst the 400 personalities and friends who had written letters to the judge urging for leniency. The judge also said, "I have never encountered a defendant whose past history suggests such an extraordinary devotion... to people in need." Rajat Gupta's philanthropic and charitable work spread across education, global business and global health. He was associated with a number of universities and educational institutions. He was part of the Yale President's Council and also elected to the Board of Trustees of University of Chicago. He co-founded the Indian Institute of Technology Alumni Association. Gupta also co-founded the Indian School of Business along with Anil Kumar. ISB is today one of the leading business schools in the world. He was also associated with Global Fund to Fight AIDS, Tuberculosis and Malaria of whom Gupta was the founding board member and Chairman. At The Gates Foundation he was the chairman and advisory member. In the year 2005 he was appointed as Special Assistant to the Secretary General for Management Reform for UN Secretary General Kofi Annan. From the year 2002 to 2005 he served as the chairman of the US-India Business Council. Log on to a dedicated site to buy content in order to know more about the social activities taken up by Rajat Gupta.

Rajat Gupta' corporate life

Rajat Gupta was born to Pranand Ashwini Gupta in Kolkata. His father was a prominent freedom fighter and a journalist with Ananda Publishers. Both the parents passed away when Gupta was sixteen years old. He secured 15th rank in the nation-wide exam conducted by the Indian Institute of Technology. After receiving a degree in mechanical engineering, Gupta received a Master's in Business Administration from Harvard Business School in the year 1973. It was after his MBA that he joined McKinsey & Company. He was accepted after a rejection due to lack of experience. It was HBS professor Walter J. Salmon who referred him to McKinsey & Company. All the fans of the Wall Street titan Rajat Gupta can buy news articles to keep themselves updated. Rajat Gupta has been married to Anita Mattoo, who was his two years junior at IIT. Mattoo was an electrical engineer and came from Srinagar. "His big mansion in Connecticut is like a public dharamsala, where friends, professors and McKinsey colleagues are encouraged to come and live, often with their families. He is also known to ask colleagues to take a break at his Colorado ranch with their families - something unheard of in the McKinsey world at that time," quoted the Economic Times.