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In India on ‘soul searching mission’ after 2-yr jail term, Rajat Gupta gets hero’s welcome from Indian CEO friends

Homecoming of former global managing director of McKinsey and Co and Goldman Sachs board member Rajat Gupta has called for a toast from his other CEO friends in India. After serving his two-year jail term

India TV Business Desk, New Delhi [ Published on: November 15, 2016 20:11 IST ]
Former global managing director of McKinsey and Co Rajat
Former global managing director of McKinsey and Co Rajat Gupta

Homecoming of former global managing director of McKinsey and Co and Goldman Sachs board member Rajat Gupta has called for a toast from his other CEO friends in India.

After serving his two-year jail term in the US, Gupta returned to his homeland the previous week, the Economic Times reported.

His return has certainly turned out to be an event of sorts for his CEO friends, who termed his arrival a "soul searching" mission.

The erstwhile poster boy for the success of the Indian community in the US, was found guilty of passing confidential boardroom information to now jailed hedge fund founder Raj Rajaratnam in 2012.

As his record at the Federal Bureau of Prisons speaks, Gupta completed his prison term in March this year, after a US court reheard his appeal to throw out his 2012 insider-trading conviction.

Upon his arrival in India last week, India Inc lined up to welcome Gupta. Founder and chairman of Max Healthcare and Max Bupa Health Insurance Company Limited and executive-chairman of Max Life Insurance, Anajlit Singh, threw him a welcome party at his Delhi residence on Novermber 9, the report said.

Among the rich and powerful who were guests at the bash included Bharti Enterprises Founder and Chairman Sunil Mittal, Punj Lloyd Group Chairman and Managing Director Atul Punj, Dabur India Ltd Chairman Anand Burman, CK Birla Group Chairman Chandra Kant Birla, KKR India CEO Sanjay Nayyar and former McKinsey colleague Pramath Sinha.

Speaking to a financial daily, Mittal said, "He has served time for an offence which he continues to challenge in courts. I am sure Rajat will find a renewed purpose to use his skills. He drew strength from Bhagwad Gita through his difficult time which,I hope, will shape his future.”

As per the report, another dinner party was thrown for Gupta by one of his former colleagues, who is now a Reliance Jio board member in Mumbai last weekend.

However, Gupta is still fighting for reversing the judgement of the Manhattan district court that pronounced him guilty of insider trading.

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