New York, Oct. 13 (Reuters): Bill Gates and Kofi Annan are among several prominent businessmen and humanitarians asking a US judge to show fairness when he sentences former Goldman Sachs Group Inc board member Rajat Gupta for his insider trading conviction later this month.
Gupta, 63, the most influential and best-known corporate figure to be caught in a broad insider trading crackdown of the last four years, moved in elite business and philanthropic circles for decades.
A jury convicted Gupta in June of tipping his friend and business associate, Galleon Group hedge fund founder Raj Rajaratnam, about Goldman’s boardroom secrets during the financial crisis.
Microsoft Corp co-founder Gates, in one letter among about 200 written to US district judge Jed Rakoff, wrote that he wanted to help “round out Rajat’s profile as you consider the appropriate sentence for him”.
Gates worked with Gupta when Gupta was chair of the Global Fund to Fight AIDS, Tuberculosis and Malaria. Gates wrote that “many millions of people are leading better lives — or are alive at all — thanks to the efforts he so ably supported”.