Rajat Gupta sentenced two year imprisonment and $50 million fine

Goldman sachs former Director Rajat Gupta in the case of insider trading, a U.S. Court has sentenced two years imprisonment and a fine of $ 50 million on him. During the hearing in court. the prosecution has sought imprisonment of eight to ten-year-for Gupta's. In the America's business history this was the biggest case of insider trading in which Rajat Gupta was sentenced. Around a years ago U.S. prosecution lawyers Prit Bharara filed papers in court against the accused in Mainhanttan. Arrest of former Goldman Sachs Director Rajat Gupta stunned the Wall Street.

Gupta was ex-Director of global investment bank Goldman Sachs and Proctor & Gamble an us FMCG company. He used his position and provided confidential information to hedge funds Gallion of both companies. Due to this founder of fund Raja Rajnatnam earned $ 1.8 million illegal profits. The U.S. Security & Exchange Commission (sec) charged that Rajat Gupta is friend and business affiliate of Rajaratnam.

US will remain active in South Pacific region

US Secretary of State Hillary Clinton said that the U.S. will remain active in the area of southern pacific. Although he has also said that it is big enough for the emerging China. Addressing in Southern pacific first Conference in the region by US Secretary of State Hillary announced to pay aid of $ 3.2 million for projects. This Conference participation grants us interest in the region and economic.

Australian Institute of southern China from 2005 lave prashat area low interest and easy terms on credit promising us $ 60 million. This is because many islands close to China. this situation the region between Hillary to visit.

Next week's Beijing visit two large Hillary world economies on the strained relationship between these two dialogues. now become each other's rival in South prashat. Hillary has the 15-Member Pacific emerged ailaindas Forum in Japan, the u.s. and the EU said China welcomes the opportunity to work with us.