|Rajat Gupta, a trusted adviser to many business leaders, is expected to surrender to authorities today. (Paulo Filgueiras/UN/via Bloomberg)|
Galleon inquiry moves beyond Street
Federal charges against Gupta likely today
Federal prosecutors are expected to file criminal charges today against Rajat K. Gupta, the most prominent business executive ensnared in an aggressive insider trading investigation, according to people briefed on the case. The case against Gupta, 62, who is expected to surrender to the authorities Wednesday, would extend the reach of the government’s inquiry into America’s most prestigious corporate boardrooms. Most of the defendants charged with insider trading over the past two years have plied their trade exclusively on Wall Street.