SPECIAL CORRESPONDENT NEW YORK - Rajat Gupta, a prominent Indian-American financial figure, on Wednesday surrendered before the FBI here in connection with a massive insider trading scam. The move is the latest development in the governments multi-year crackdown on illegal activity on Wall Street, The New York Times said. Gupta, 62, is accused of leaking corporate secrets on Goldman Sachs to the hedge fund manager Raj Rajaratnam, the Galleon Group co-founder who was sentenced to 11 years in prison this month for making tens of millions of dollars through insider trading. A federal grand jury in Manhattan charged Gupta with one count of conspiracy to commit securities fraud and five counts of securities fraud, all related to tips on Goldman Sachs in 2008. Rajat Gupta was entrusted by some of the premier institutions of American business to sit inside their boardrooms, among their executives and directors, and receive their confidential information so that he could give advice and counsel for the benefit of their shareholders, Preet Bharara, the United States attorney in Manhattan, said in a statement. As alleged, he broke that trust and instead became the illegal eyes and ears in the boardroom for his friend and business associate, Raj Rajaratnam, who reaped enormous profits from Guptas breach of duty. In charging Gupta, the government is tying up one of the biggest loose ends resulting from the investigation into the Galleon Group, which began nearly five years ago at the Securities and Exchange Commission, the Times said. Gary Naftalis, a lawyer for Gupta, said in a statement on Tuesday: The facts demonstrate that Gupta is an innocent man and that he acted with honesty and integrity. Gupta, a graduate of the Indian Institute of Technology and Harvard Business School rose quickly within the consulting firm McKinsey, becoming its first ever Indian-born chief executive. After a 9 year tenure at McKinsey, Gupta became a director at Goldman, Procter & Gamble (PG) and American Airlines (AMR), as well as philanthropic organisations like the Bill and Melinda Gates Foundation.