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...The Fed has alleged previously Jiampietro obtained confidential supervisory information from Rohit Bansal, a former Fed employee who worked at Goldman at the time....
...Heard by Henny In 2014, Kunal Bahl and Rohit Bansal, the founders of Delhi-based ecommerce company Snapdeal, boarded a plane to Tokyo....
...Bansal to a sale....
...But SoftBank’s efforts to secure the Flipkart deal have been resisted by Kunal Bahl and Rohit Bansal, Snapdeal’s founders, both of whom sit on the company’s board and are holding out hope that it could survive...
...Rohit Bansal, a junior banker in the Goldman FIG group, had received private documents in 2014 on banks from the New York Fed, where he used to work....
...And the unyielding opposition to a sale from Snapdeal’s founders, Kunal Bahl and Rohit Bansal, caused SoftBank to conclude that the talks could drag on for so long as to render them pointless....
...Snapdeal’s founders, Kunal Bahl and Rohit Bansal, who will make millions if they sell their own joint 6.5 per cent stake, sent an email to staff on Sunday saying that “our investors are driving discussions...
...Rohit Bansal, Snapdeal co-founder, said last year that the slowdown was healthy for the industry and that there would “always be money available” for companies pursuing a sustainable business plan....
...Last October Goldman paid a $50m fine to New York’s state banking regulator as it admitted failing to properly supervise Rohit Bansal, a 31-year old associate who had joined the firm in July 2014 after seven...
...By the time SoftBank invested, Snapdeal had been running its online marketplace for three years under founders Kunal Bahl and Rohit Bansal, and hosted sales volumes second only to Flipkart....
...In the long run that’s the right thing for the company and for the country,” says Rohit Bansal, co-founder of Snapdeal. “No company can exist just by raising money from investors.”...
...On Wednesday, Goldman admitted that it had failed properly to supervise Rohit Bansal, a 30-year old associate who joined the firm last July after seven years at the New York Fed....
...“The growth of all these non-English speaking internet users is going to be many, many times that of the English-speaking internet users,” Snapdeal co-founder Rohit Bansal told the FT....
...But the case of allegedly rogue banker Rohit Bansal does not prove it....
...Goldman said it had dismissed Rohit Bansal, a junior employee, in September and then Joe Jiampietro, his supervisor and a better-known senior banker in the financial institutions group, which advises other...
...His first thought was to contact Rohit Bansal, a school friend working in financial services with Capital One, the US credit card issuer, in Bangalore....
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