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Publication Date: 3 July 2013
The collapse of the Galleon Group - A hedge fund that managed more than $7 billion in assets from criminal charges of insider trading was a sensational case, at the centre of which was the self described King of Kings, Galleon's founder Raj Rajaratnam, a Sri-Lankan-born, Wharton-educated billionaire, but the most shocking allegation was that the eminence grise of Indian business, Rajat Kumar Gupta, was Rajaratnam's accomplice and mole. It was Gupta's nose-to-the grindstone rise to the helm of McKinsey & Co. that opened up new opportunities for Indians in Amerca. Born in Calcutta and orphaned at fifteen, Gupta blazed a trail from Delhi's hyper-competitive Indian Institute of Technology through Harvard Business School to the inner sanctum of corporate America, serving on the boards of Goldman Sachs, American Airlines and Procter & Gamble and counting President Bill Clinton among his many powerful friends. In a story that criss-crosses the globe from Manhattan skyscrapers to Calcutta's back streets, Anita Raghavan takes the reader behind the scenes as Gupta is drawn into Rajaratnam's web of insiders. This book chronicles how a dogged team of SEC officials, federal prosecutors and FBI agents discovers and prosecutes the biggest insider trading case of this generation.