After high school, Gupta ranked 15th in the nation in the entrance exam for the Indian Institutes of Technology, IIT JEE. He was a student at Modern School in New Delhi. Now orphans, Gupta and his siblings "decided to live by ourselves. Gupta's father died when Gupta was sixteen and his mother died two years later. When Gupta was five the family moved to New Delhi, where his father went to start the Delhi-edition of the newspaper Hindustan Standard. His mother taught at a Montessori school. His father was a journalist for Ananda Publishers and a professor in Calcutta's Ripon College prior to that. Rajat Gupta was born in Calcutta, India, to a Bengali Baidya father Ashwini Gupta and a Punjabi mother Pran Kumari. He was released on monitored house arrest in January 2016 and from house arrest in March 2016. An application to remain free until the court determined whether it would hear the appeal was denied in June 2014 leaving Gupta having to commence his two-year prison term that month.
Supreme Court which was subsequently upheld in April 2015. He then lodged an appeal of his conviction with the U.S. His conviction was upheld by a Federal Appeals Court on 25 March 2014. He was sentenced in October 2012 to two years in prison, an additional year on supervised release and ordered to pay $5 million in fines.
Gupta was convicted in June 2012 on insider trading charges of four criminal felony counts of conspiracy and securities fraud in the Galleon scandal. He is the co-founder of the Indian School of Business, American India Foundation, New Silk Route and Scandent Solutions. Gupta was a board member of corporations including Goldman Sachs, Procter & Gamble and American Airlines, as well as an advisor to non-profit organizations such as the Bill & Melinda Gates Foundation and The Global Fund to Fight AIDS, Tuberculosis and Malaria. In 2012, he was convicted for insider trading and spent two years in prison. Rajat Kumar Gupta ( Bengali pronunciation: born ( )December 2, 1948) is an Indian-American businessman and convicted felon who, as CEO, was the first foreign-born managing director of management consultancy firm McKinsey & Company from 1994 to 2003.
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