Former Goldman Sachs director Rajat Gupta completed his two-year jail term on March 11 after he was convicted in 2012 of passing confidential boardroom information to his one-time friend and business associate Raj Rajaratnam. PTI reported that the 67-year-old was officially released two days before his sentence was supposed to end as that fell on a Sunday. After several failed appeals, the US Second Circuit Court of Appeals last month agreed to rehear an appeal to throw out the insider-trading conviction against him. Rajaratnam is serving an 11-year sentence for insider trading.

Apart from the two-year prison term, Gupta was fined $5 million, while the Securities and Exchange Commission also slapped a $13.9-million penalty against him. Gupta started his prison term in 2014 at an administrative security federal medical centre in Massachusetts. He completed the last two months of his term at his home in Manhattan as a federal inmate. A January report in The New York Times had said that Gupta "appears to be eager to get back to the world he once inhabited".