Gupta will not testify in own defence

Former Goldman Sachs board member Rajat Gupta, on trial over insider trading charges, has decided not to testify in his own defence, it emerged yesterday. “After substantial reflection and consideration, we have determined that Mr Gupta will not be a witness on his own behalf in the defense case,” Gupta's lawyer, Gary Naftalis, wrote in a letter to US District Judge Jed Rakof.