RTT NEWS: WSJ: Government Suspects Goldman Director Told Galleon About Berkshire's 2008 Investment

4/23/2010 7:02 AM ET

(RTTNews) - One of the directors of Goldman Sachs Group Inc told a hedge-fund billionaire about a $5 billion investment by Warren Buffett's Berkshire Hathaway Inc. (BRKa: News ) before a public announcement was made, the Wall Street Journal reported citing a person close to the situation.

The report noted that the Government suspects that Goldman Director told Galleon of Berkshire's 2008 investment. The report specified that the information came from board member Rajat Gupta and that federal prosecutors has notified Gupta in a letter that they had intercepted phone conversations between him and Galleon's Rajaratnam.

According to a recent regulatory filing, Rajat Gupta told the company that he is not seeking re-election to Board. Recently, a WSJ report specified that Gupta is not seeking re-election to Board due to Federal Scrutiny in connection with Galleon Probe.

Share Investor Links

Share Investor Blog - Stockmarket & Business commentary
Discuss this topic @ Share Investor Forum - Register free

Download the 2009 Warren Buffett Letter & 2009 Annual Report to Berkshire Hathaway Shareholders
Download the 1977 - 2009 Warren Buffett Letter's to Berkshire Hathaway Shareholders

Recommended Amazon Reading

	Warren Buffett's Management Secrets: Proven Tools for Personal and Business Success by Mary Buffett Buy new: $16.50 / Used from: $13.20 Usually ships in 24 hours
	The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham Buy new: $14.77 / Used from: $10.49 Usually ships in 24 hours