Rajat Gupta was not the average fraud perpetrator he was total opposite at least from the articles description of him. The article states, “Mr. Gupta’s was a classic American success story. He grew up in New Delhi, excelling academically despite the death of both of his parents when he was in his teens and coming to the U.S. to attend Harvard Business School. In 1973, he joined McKinsey in New York and climbed the ranks there for two decades until he was elected managing director in 1994 at age 45, becoming the first Indian born chief of a U.S. multinational corporation.” (Rothfeld, 2012)
Rajat was the founder of the Indian School of Business in Hyderabad, chairman of the Global Fund to Fight AIDS, Tuberculosis, and Malaria. With Rajat being so successful, and so involved it was difficult to detect that he would commit this type of crime.
Opportunity is a major aspect when it comes to fraud, because without opportunity fraud would not happen as easily. The three elements of the opportunity triangle include: committing the fraud, concealed the fraud, and convert to personal gain. Rajat leaked insider information to Mr. Rajaratnam which is the crime that was committed. Rajat told Mr. Rajaratnam information right when he found out so it would not look suspicious, which was Rajat way of concealing the information. Converting the crime to personal gain was not part of this crime. Rajat did not use it for personal gain for himself, but he did give the information to a close friend for their personal gain.
Rajat leaked the information as soon as he...