Rajat Gupta resigns from PHFI

PTI New Delhi | Updated on March 17, 2011

Mr Rajat Gupta. (file photo)   -  The Hindu

Rajat Gupta, the former McKinsey & Co chief accused of insider trading in the US, has resigned from the board of Public Health Foundation of India (PHFI).

“He has sent his resignation to the board,” Mr K. Srinath Reddy, President of PHFI, said.

Mr Reddy said the Executive Committee of the board will meet on Monday and a full board meeting will be held a few days later to take a final decision.

Among the noted members on the PHFI board are Mr A.K. Shivkumar, adviser UNICEF and member of the National Advisory Council, noted economist Amartya Sen and the Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia.

The US Securities Exchange Commission has accused Mr Gupta of conspiring with hedge fund executive Mr Raj Rajaratnam in an insider trading scam.

PHFI is involved in training, research and policy development in the area of public health.

Published on March 17, 2011

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