‘Rajat Gupta’s conviction
does not mean the
end of the Indian story
‘When the news of Gupta
tipping Rajaratnam broke,
the Establishment, which he
had so carefully cultivated
during his 40 years in
America, quickly moved to
distance itself from him.
This is one of the hardest
things for Gupta to bear
author of The Billionaire’s
ARTHUR J PAIS in a
How did you come across the family secret about
Rajat Gupta’s father Ashwini Kumar Gupta?
It was common knowledge in Calcutta. I had visited
the city for my research even before Gupta’s trial began
in New York. But journalists never wrote about it — I
guess in deference to Rajat’s father who was one of
I should have guessed there was a secret there; why
else would an academic give up that world for journal-
As I delved deeper into the story, I realized Ashwini’s
transgression was a source of great shame for the fam-
ily, which was steeped in academia. And it cost him a
number of career opportunities.
But as a freedom fighter he was close to the family that
owned Ananda Bazaar Patrika and they helped him reestablish himself.
Eventually he rose to become a prominent journalist in
Calcutta and was known to (Jawaharlal) Nehru on a first-name basis.
To corroborate the story, I was fortunate in having access
to the vast newspaper archives of the British Library in