For Rajat Gupta, returning is a hard road

One June evening last year, some of New York’s most prominent Indian-Americans gathered at a gated house in Rye, N.Y. A few dozen Indian-American businessmen and their bejeweled wives, some decked out in colorful salwar kameezes, had arrived at the home of Ajit Jain, a top executive at Warren E. Buffett’s Berkshire Hathaway, say people who were invited to the dinner.

They were there to welcome back an old friend, Rajat K. Gupta. Only two months before, Mr. Gupta had finished a two-year prison sentence for divulging.

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