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'Rajat Gupta faces tough challenges to restore his reputation'

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Press Trust of India New York
Last Updated : Aug 16 2017 | 2:28 PM IST
India-born former Goldman Sachs director Rajat Gupta has been trying to restore his reputation and rebuild his fortune after the completion of his two-year prison term on insider trading charges but has struggled to reconnect with several of his former associates, according to a media report.
The New York Times report said that while Gupta has "struggled to reconnect" with many former associates and clients in the United States, his ties to India's business community and its diaspora of executives in the US have proved more durable.
"Gupta, the former global head of consulting giant McKinsey & Company, became a pariah among many of the corporate chieftains who once craved his counsel. Now 68, he has been trying to restore his reputation and rebuild his fortune since being released from a federal prison medical center in Devens, (Massachusetts)," the report said.
The Times report cited the incident of a dinner hosted by Ajit Jain, the top executive at Warren Buffett's Berkshire Hathaway in June last year to welcome back Gupta.
The dinner took place in New York state just months after Gupta completed his two-year prison sentence on insider trading charges.

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First Published: Aug 16 2017 | 2:28 PM IST

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