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| Rajat Gupta not to testify in his |
| Rajat Gupta not to testify in his defence in insider trading case
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| UNITED STATES OF AMERICA
, 11-June-2012
3:12:43 AM |
| The defense lawyer for a former Goldman Sachs board member accused of insider trading notified the judge on Sunday that his client will not testify at his trial.
Attorney Gary Naftalis sent a letter to Manhattan federal court judge Jed Rakoff saying that Rajat Gupta "will not be a witness on his own behalf in the defense case."
The attorney had told the judge on Friday that Mr Gupta was "highly likely" to testify in his defense this week. But Mr Naftalis said they decided "after substantial reflection and consideration" that Mr Gupta would not testify.
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