Ex-Goldman Sachs board member pleads not guilty


October 26, 2011 at 8:06p.m.

Ex-Goldman Sachs board member pleads not guilty

NEW YORK (AP) — A former board member of Goldman Sachs and Procter & Gamble has pleaded not guilty and been freed on $10 million bail.

Rajat Gupta entered the plea to all six counts in an indictment unsealed today. Gupta had surrendered to the FBI earlier in the day.

The 62-year-old Westport, Conn., man was accused of cheating the markets with Raj Rajaratnam, the convicted hedge fund founder who was the probe’s prime target. More than two dozen people have been convicted in the probe.