Indian American Rajat Gupta released early for ‘good behavior’

Former Goldman Sachs director Rajat Gupta is back home after serving 19 months in jail
Former Goldman Sachs director Rajat Gupta is back home after serving 19 months in jail

NEW YORK (TIP): Indian American Former Goldman Sachs director Rajat Gupta is back home after serving 19 months in federal prison for leaking tips to hedge fund billionaire Raj Rajaratnam.

Gupta was freed early after receiving credit for good behavior – will stay confined to his apartment until March with an ankle bracelet that will monitor his movements.

Convicted in 2012 on insider trading charges, the IIT and Harvard-educated 67-year-old Rajat began serving a two-year prison term in June, 2014.

He was freed from Federal Medical Centre Devens, a federal correctional facility in Ayer, Massachusetts, on January 5 to serve out the rest of the sentence at home after receiving credit for good behavior, New York Times reported.

“Even though Gupta is no longer at Devens, he will remain a federal inmate until March 13, confined to his apartment and required to wear an ankle bracelet that monitors his movements,” the paper said.

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