The short answer is No.
Raj Ratnam said this in an interview
“In Sri Lanka I would have given the judge 50,000 rupees and he’d be sitting having dinner at my house. ”
If you look at the letters of support given to Rajat Gupta by the likes of Pramod Bhasin,Adi Godrej, Mukesh Ambani etc , it is clear that India Inc thinks Rajat did no wrong and deserves no punishment.
It is fairly scary for a retail Indian investor to know that our corporate captains and even the Indian media thinks insider trading is a victimless crime.
I think the average Indian investor feels that the Indian markets are rigged and they are better off investing their hard earned savings in FDs, gold and realty.
Do you blame them?
One reply on “Would Rajat Gupta have been punished in India?”
I hope u are understanding indian listed co’s very well know,