OCTOBER 25, 2011, 8:52 P.M. ET.

Ex-Goldman Director Expected to Surrender on Insider Trading Charges .

By MICHAEL ROTHFELD

A former Goldman Sachs Group Inc. director is expected to surrender to the Federal Bureau of Investigation Wednesday on charges of leaking inside information to Galleon Group hedge fund founder Raj Rajaratnam, according to a person familiar with the matter.

Federal prosecutors in Manhattan have previously said Rajat Gupta, 62 years old, the former longtime leader of global consulting firm McKinsey & Co., leaked information to Mr. Rajaratnam about Goldman and Procter & Gamble Co., where he also served on the board, at the height of the financial crisis. Mr. Rajaratnam was convicted after a trial in May of securities fraud and conspiracy and sentenced this month to 11 years in prison.

Mr. Gupta's lawyer didn't immediately respond to a request for comment. The lawyer, Gary Naftalis, has previously said that Mr. Gupta "has had a 40-year career based on ethical conduct and integrity" and denied any wrongdoing.

The details of the charges, which were sealed, couldn't immediately be determined. But prosecutors and the Securities and Exchange Commission have said in filings and in court that Mr. Gupta gave Mr. Rajaratnam details he had learned at Goldman board meetings in 2008 about a $5 billion investment in the bank by Warren Buffett's Berkshire Hathaway Inc. and about Goldman's first ever quarterly loss as a public company.

According to evidence presented at Mr. Rajaratnam's trial, Mr. Gupta called him within minutes of learning confidential details at Goldman board meetings. Mr. Gupta also allegedly leaked information about P&G's corporate earnings.

Write to Michael Rothfeld at michael.rothfeld@wsj.com

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