The Manhattan District Attorney’s Office charged Dikshit with two counts of securities fraud. Each count has a maximum sentence of 20 years in prison.
The Securities and Exchange Commission (SEC) filed a parallel civil action against the defendant. The Commission charged him with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.
McKinsey fired Dikshit
Meanwhile, in a statement to CNBC, McKinsey said Dikshit is no longer a partner in the consulting firm.
“We have terminated the employment of a partner for a gross violation of our policies and code of conduct. We have zero-tolerance for the appalling behavior described in the complaint, and we will continue cooperating with the authorities.”
Goldman Sachs was “deeply disappointed by the insider trading allegations” against Dikshit. It is cooperating with the investigation, according to a spokesperson for the investment bank.
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