Rajat Gupta's conviction upheld

India-born former Goldman Sachs director Rajat Gupta was sentenced to two years in prison after his bid to overturn his conviction on insider trading charges rejected by a US court.

The US Court of Appeals for the Second Circuit in its order rejected Gupta's appeal against his conviction and said, “We have considered all of Gupta's arguments on this appeal and have found them to be without merit. The judgement of the district court is affirmed,” the order said.

Gupta was found guilty of securities fraud and conspiracy to commit securities fraud.