Indian American Ex-Goldman Sachs director Rajat Gupta’s trial begins today in New York

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New York, May 21: The trial of former Indian American Goldman Sachs director Rajat Sharma is set to begin on Monday here.

According to news.com.au, Gupta, 63, had previously pleaded not guilty against charges of sharing secret board tips with a billionaire hedge fund founder who was his friend.

A former Procter and Gamble board member, Gupta now faces conspiracy and securities fraud charges that carry a sentence of over 100 years in prison.

The hedge fund founder, whom he was accused of helping, is serving 11 years in prison, the longest sentence given someone convicted of insider trading in the US.

Prosecutors say they will take two weeks to present their evidence while judges have claimed that the trial will not last more than a month. (ANI)