With jury selection Monday, May 21, federal prosecutors began their trial of Westport resident Rajat Gupta, who says he is innocent of insider trading charges in the ongoing Galleon Group hedge fund probe.
Gupta is a former head of McKinsey & Co. and onetime board member of AMR Corp., Goldman Sachs Group Inc. and Procter & Gamble Co. Prosecutors claim they have evidence, including wiretaps, showing that Gupta passed Galleon Group founder Raj Rajaratnam tips on public companies.
Rajaratnam is serving an 11-year sentence for insider trading.
