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Gates, Annan come in support of Rajat Gupta

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The most high-profile Wall Street executive, Rajat Gupta convicted of insider trading will be sentenced by the US District Judge Jed Rakoff.
PTI The most high-profile Wall Street executive, Rajat Gupta convicted of insider trading will be sentenced by the US District Judge Jed Rakoff.

Microsoft co-founder Bill Gates and former UN chief Kofi Annan have written to a US Judge in support of India-born Rajat Gupta, who will be sentenced on October 24 for insider trading, highlighting his philanthropic work.

Gupta, the most high-profile Wall Street executive convicted of insider trading, will be sentenced by the US District Judge, Jed Rakoff.

“I know most personally that the poor of the world have a profoundly capable and articulate advocate in Rajat Gupta,” Gates said in his letter.

The Microsoft founder said he had worked with Gupta when the Goldman executive had served as chair of the Global Fund to Fight AIDS, Tuberculosis and Malaria.

Gates said while he was “not in a position to comment on any of the particulars of the case against him,” he wanted to lend his voice “to round out Rajat’s profile as you consider the appropriate sentence for him.”

“Many millions of people are leading better lives - or are alive at all - thanks to the efforts he so ably supported,” Gates said in his letter.

The former UN Secretary General, Kofi Annan said Gupta had worked on many projects with him, including one on management reform at the UN in which Gupta was an adviser.

“I came to respect his judgment, and we became good friends,” Annan said in his letter.

“I urge you to recognise Rajat for the good he has done in the world, to give him the credit that he deserves for helping others and to take into account his efforts to improve the lives of millions of people,” he said.

(This article was published on October 13, 2012)
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Comments:

When the government wakes up one day to cleanse a system that is
tainted,it has to realize that washing the dirty linen or past
misdeeds of a chosen few is not the most appropriate thing to do.Some
people like Mr.Gupta has worked hard to become a towering figure.But
like any other human mortal he succumbed to some weakness on a few
occasions.

The judgement to send him to prison for the rest of his life for this
is too inappropriate.He should on the other hand be let free and not
allowed to practice his profession any more.That will be more
appropriate.

from:  Balakrishnan
Posted on: Oct 14, 2012 at 07:12 IST

CHARITY Vs CRIME



BL, Front page, 14th October, Gates, Annan come in support of Rajat Gupta. This news is a ‘bolt from the blue’ considering the fact Rajat had committed a ‘crime’ regarding insider trading. Whilst, we need to understand that laws of USA and India are ‘North & South’ poles when it comes to stringent implementation or for that matter on the severity of the punishment awarded by Courts. In India, justice remains a subject matter of ‘mockery’ whilst in USA the judiciary seat is considered a ‘seat of sanctity’! Bill Gates and Annan’s intervention is totally unwarranted and may be construed as interfering or influencing the sentence already pronounced. Their plea where they expect the ruling on punishment to be reduced to merciful on grounds of the yeoman services rendered by Rajat in terms of philanthropic activities where he had doled out huge sums as ‘charity’ doesn’t hold any water at all. For all you know, ill-gotten money made through illegal route of ‘insider trading’, a portion of which was siphoned off as ‘give-aways’ in the guise to extending a ‘helping hand’ of Rajat to paint with a brush of his ‘philanthropic’ activities so that any room of suspicion of his illegal activities do not surface. Now with the intervention of stalwarts like Gates and Annan, who are spearheading leading NGO, makes one wonder whether similar arguments can be put forward when it comes to a philanthropist who happens to ‘murder’ a person and a section of public expect justice to reduce life sentence into a defined period of serving jail sentence!! If this is what is to take place, then we can expect this world to turn into a ‘butchery’ ground instead of ‘peaceful living’!! Mixing noble activities with criminal activities of an individual is like a futile attempt of mixing oil with water!!

ASHOK JAYARAM, BANGALORE

from:  ASHOK JAYARAM
Posted on: Oct 14, 2012 at 07:38 IST

Hang this crook.It will be lesson for others. Even contract killers will
be doing donations to some schools.They wont become saints by doing
that.

from:  aha
Posted on: Oct 14, 2012 at 10:24 IST

CHARITY Vs CRIME
14th October news of Gates, Annan coming in support of Rajat Gupta. This news is a ‘bolt from the blue’ considering the fact Rajat had committed a ‘crime’ regarding insider trading. Whilst, we need to understand that laws of USA and India are ‘North & South’ poles when it comes to stringent implementation or for that matter on the severity of the punishment awarded by Courts. In India, justice remains a subject matter of ‘mockery’ whilst in USA the judiciary seat is considered a ‘seat of sanctity’! Bill Gates and Annan’s intervention is totally unwarranted and may be construed as interfering or influencing the sentence already pronounced. Their plea where they expect the ruling on punishment to be reduced to merciful on grounds of the yeoman services rendered by Rajat in terms of philanthropic activities where he had doled out huge sums as ‘charity’ doesn’t hold any water at all. For all you know, ill-gotten money made through illegal route of ‘insider trading’, a portion of which was siphoned off as ‘give-aways’ in the guise to extending a ‘helping hand’ of Rajat to paint with a brush of his ‘philanthropic’ activities so that any room of suspicion of his illegal activities do not surface. Now with the intervention of stalwarts like Gates and Annan, who are spearheading leading NGO, makes one wonder whether similar arguments can be put forward when it comes to a philanthropist who happens to ‘murder’ a person and a section of public expect justice to reduce life sentence into a defined period of serving jail sentence!! If this is what is to take place, then we can expect this world to turn into a ‘butchery’ ground instead of ‘peaceful living’!! Mixing noble activities with criminal activities of an individual is like a futile attempt of mixing oil with water!!
ASHOK JAYARAM, BANGALORE

from:  ASHOK JAYARAM
Posted on: Oct 14, 2012 at 20:14 IST
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