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Rajat Gupta’s conviction for insider trading has led to soul searching among India’s corporate elite. Business associates, colleagues, friends of the former head of McKinsey seem genuinely perplexed that a man with such intellect and unimpeachable reputation for integrity would risk everything by committing such a folly.   What are the lessons which we can learn from Rajat Gupta’s conviction on what not to do and if if do sometime make an error in judgment what should we do.

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