WESTPORT, Conn. Rajat Gupta, the former board member of Goldman Sachs and Procter & Gamble who, in June, was found guilty of insider trading , was sentenced to two years in prison, The New York Times reports .
A retired executive at McKinsey & Company, Gupta, 63, was found guilty of leaking confidential information about Goldman Sachs to Raj Rajaratnam, a former friend and founder of Galleon Management, a hedge fund. Rajaratnam was convicted of insider trading in May and was sentenced to 11 years in prison.
In addition to his prison sentence, Gupta was ordered to pay a $5 million fine.
Click here to sign up for Daily Voice's free daily emails and news alerts.