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Rajat Gupta insider trading case: Jury begins deliberations

The New York federal court jury was given instructions following three weeks of testimony. If convicted on all fraud charges, Rajat Gupta faces up to 25 years in prison.

BT Online Bureau   New York     Last Updated: June 15, 2012  | 00:00 IST

Jurors began deliberations in the trial of former Goldman Sachs director Rajat Gupta accused in Wall Street's biggest insider trading probe for a generation.

The New York federal court jury was given instructions by Judge Jed Rakoff following three weeks of testimony. If convicted on all conspiracy and securities fraud charges, Gupta, 63, faces up to 25 years in prison.

Highlights of trial:Day 1 | Day 2 | Day 3 | Day 4 | Day 5 | Day 6 | Day 7 | Day 8 | Day 9 | Day 10 | Day 11 | Day 12 | Day 13 | Day 14 | Day 15 | Day 16

Prosecutors accuse Gupta, who was a board member at Goldman Sachs and headed McKinsey & Co, of feeding private, market-moving information to his former friend and hedge fund manager Raj Rajaratnam, sentenced last year to 11 years in prison for insider trading.

The defense says Gupta is innocent and that the government has failed to provide a shred of hard evidence.

Full Coverage: Rajat gupta trial

"We are now approaching the most important part of this case, your deliberations," Rakoff told the jury, before providing extensive instructions on how to consider evidence ranging from wiretapped phone conversations to stock market trades and telephone records.

With inputs from agencies

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