Gupta to surrender to prison on June 17

Rajat K Gupta, the former Goldman Sachs director convicted of insider trading, has agreed to surrender to prison on June 17, according to a court filing on Thursday. Gupta, who was a widely admired corporate executive before he was ensnared in the US government's investigation into insider trading on Wall Street, was found guilty in 2012 of leaking boardroom secrets to the former hedge fund manager Raj Rajaratnam. He was sentenced to two years in prison.

Last month, a federal appeals court rejected Gupta's bid for a new trial, dismissing claims by his lawyers that the judge who presided over the case had committed errors.

Gupta has now agreed to report to prison no later than 2 pm on that Tuesday in June, according to the order, which was signed by Judge Jed S Rakoff and filed in Federal District Court in Manhattan.

It is not yet clear where Gupta will serve his sentence. Judge Rakoff agreed to a request from Gupta's lawyers that he be assigned to a medium-security prison in Otisville, New York, but the final decision is up to the Federal Bureau of Prisons.

Rajaratnam is serving an 11-year sentence at a federal prison in Massachusetts.

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