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Rajat Gupta, Former Goldman Sachs Director, Hears CEO's Testimony At Insider Trading TrialRead the whole article here
By D. M. Levine - HuffPost Business
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Blankfein also testified that during a June 2008 meeting in St. Petersburg, Russia, the Goldman board discussed the possibility of purchasing either a distressed commercial bank or the insurance giant AIG -- information that Gupta was heard relaying to Rajaratnam on a wiretapped phone conversation later that summer. That tape was presented to jurors earlier in the trial.
“It was agreed that AIG would be a suitable target” at the St. Petersburg meeting, Blankfein told the jury Monday.
Any such information discussed in board meetings was secret, Blankfein said. “All parts of it were confidential. The fact that anything was discussed in the board meeting is itself a confidential fact.”