Friday, October 30, 2009

Goldman's Rajat Gupta had side deal with Galleon's Rajaratnam

Hey, heh, hey, Bloomberg picks up the scent.

Oct. 30 (Bloomberg) -- Raj Rajaratnam, the billionaire hedge-fund manager accused of insider trading, started an investment firm in 2006 with partners including Rajat Gupta, former head of McKinsey & Co., and Mark Schwartz, ex-chairman of Goldman Sachs Group Inc.’s Asia business.

Goldman director, Rajat Gupta declined to comment.

Neither did Goldman spokesman, Lucas Van Praag.