India-born former Goldman Sachs Director Rajat Gupta has been released after completing his two-year prison term, weeks after a US court agreed to rehear his appeal to throw out his 2012 insider-trading conviction.
Gupta was “released” on March 11, according to his record at the Federal Bureau of Prisons. Gupta’s prison term was to end on March 13, but since the date fell on a Sunday, he was released on Friday, four years after he lost his insider trading trial and suffered multiple legal setbacks to overturn his conviction.
The Harvard-educated was convicted in his 2012 trial of passing confidential boardroom information to his one-time friend and business associate Raj Rajaratnam.