![]() ![]() Somebody did the fraud, somebody did the bad things," he said. ![]() They did it only at the institutional level. "There was clearly bad procedures, even fraud. He emphasizes that during the financial crisis, the only thing that was done was that the banks were fined billions of dollars after they admitted wrongdoing. The result is that unfortunately they could not get any of the real culprits of the financial crisis but landed on someone like me which doesn’t make any sense to me but that was the result,” he said. "I clearly understand some of the reasons why, (it) explains the underbelly of the justice system and its misaligned incentives for various players in it. He says he feels the real culprits of the financial crisis were not held accountable and the prosecutors went after him. ![]() Gupta has penned his memoir 'Mind Without Fear', which tells of his dramatic rise to the top of the corporate world in America and then his fall after being charged in 2012 in one of the largest insider trading cases in the US. As I write in the book, I feel I have been wronged,” Gupta told PTI in an interview here. ![]() Gupta, 70, now looks back at the tough years as time of "learning and reflection". India-born former managing director of management consultancy firm McKinsey, Rajat Gupta, who spent 19 months in prison on insider trading conviction, feels he has been "wronged" but that it was his "destiny" to go to prison. ![]()
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