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Ex-Goldman Sachs board member faces new NY charges

Fresh NY indictment boosts insider trading charges against Ex-Goldman Sachs board member By The Associated Press

NEW YORK (AP) ' New York prosecutors have boosted their case against a former board member of Goldman Sachs and Procter & Gamble Co. with a rewritten indictment.

The new indictment returned Tuesday against Rajat Gupta says he conspired with billionaire hedge fund boss Raj Rajaratnam for a longer period of time than earlier stated. Rajaratnam is serving an 11-year prison sentence.

It also specifies two additional trades linked to what prosecutors say is inside information.

The original charges were brought last year against Gupta.

The Westport, Conn., resident is free on $10 million bail after pleading not guilty to the earlier charges. He is set to face trial in April.

A message left with a lawyer for Gupta wasn't immediately returned. The lawyer had earlier called the government's allegations "totally baseless."

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