Parsad Posted October 18, 2012 Share Posted October 18, 2012 Two people associated with Berkshire actually wrote letters asking for some leniency for Gupta! Whaaattt? ??? Cheers! http://www.bloomberg.com/news/2012-10-18/rajat-gupta-s-friends-in-high-places.html?cmpid=yhoo.view Link to comment Share on other sites More sharing options...
mysticdrew Posted October 18, 2012 Share Posted October 18, 2012 Two people associated with Berkshire actually wrote letters asking for some leniency for Gupta! Whaaattt? ??? Cheers! http://www.bloomberg.com/news/2012-10-18/rajat-gupta-s-friends-in-high-places.html?cmpid=yhoo.view Yea it looks like a Whaaaattt? type of situation but we don't know how good of friends these people are. I've written letters for friends who did some very very bad things and it doesn't mean I condone/support what they did... it's just what you do for your good friends. Link to comment Share on other sites More sharing options...
rranjan Posted October 19, 2012 Share Posted October 19, 2012 Actually these letters are standard practice. If I remember correctly in these letters, folks are trying to convey that he did not directly benefit by sharing information. That is consistent with their previous experience with Rajat Gupta. So yes, he broke the law but defense is trying to show over all character of Gupta. As pointed above, personal relationship is also a factor but I highly doubt that same folks will write letters if he was making money by sharing insider information. Link to comment Share on other sites More sharing options...
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