NEW YORK: Former Goldman Sachs Group Inc board member Rajat Gupta, on trial over insider trading charges, has decided not to take the risk of testifying in his own defence, two days after his lawyer said it was “highly likely” he would take the stand.
“After substantial reflection and consideration, we have determined that Mr Gupta will not be a witness on his own behalf in the defence case,” Gupta's main lawyer, Gary Naftalis, wrote in a letter to US District Judge Jed Rakoff on Sunday.
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