NEW YORK (Businesshala) – A partner at the McKinsey consulting firm was charged with insider trading ahead of Wednesday’s agreement to buy Goldman Sachs Group Inc’s digital lender GreenSky Inc for $2.24 billion, US prosecutors said on Wednesday.
Puneet Dixit, 40, of Manhattan, reportedly made a profit of about $450,000 after buying a call option in GreenSky, a bet that its share price would rise, which he sold after the merger was announced on September 15.
Court papers show that Dixit had indicted Rajat Gupta, a former global managing partner at McKinsey and director of Goldman, after a 2012 insider trading-related tradeoff.
The US Securities and Exchange Commission filed related civil charges against the defendants.
Dixit was arrested on Wednesday. It was not immediately clear whether he had a lawyer, and a phone message left at his home was not immediately returned. McKinsey had no immediate comment.