This refers to the report “Rajat Gupta quits EMRI”(March 5). It is surprising that Rajat Gupta, who is considered the high priest of finance in the global market, has resorted to insider trading. Although the rule “innocent till proved guilty” may apply in this case, the facts narrated by the Securities and Exchange Commission indicate prima facie evidence against him. It may be noted that Gupta came to benefit from Anil Kumar’s (of McKinsey) advice (again an instance of insider trading). There has been a pattern in insider trading practices with the world’s so-called high-ranking financial experts (and reputed consultancy organisations like McKinsey) committing such offences.
Finally, it is quite appropriate to quote Mahatma Gandhi, “Education does not improve the character.” It remains unknown how many educated people occupying high positions in society are indulging in questionable practices.
K V Rao, Bangalore
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