U.S. charges McKinsey partner with insider trading in Goldman-GreenSky purchase

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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.

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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.

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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.

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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.

Reporting by Jodie Godoy and Jonathan Stempel in New York; Editing by Will Dunham

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