Hints and tips:
...fraud in 2010, and Rajat Gupta, who had been its global managing partner and ultimately served two years in prison for insider trading....
...Only a few years ago, two ex-partners, Anil Kumar and Rajat Gupta, were embroiled in an insider trading case, the latter (a former managing director) spending two years in a US jail....
...“If this comes off it will be a great, great thing,” says Rajiv Kumar, an economist at the Centre for Policy Research in New Delhi....
...At the end of his first proffer session, the government lawyers, seeking to build a case against others caught on the wiretaps, asked Kumar about Rajat Gupta, the former McKinsey managing director....
...But it is a pity McDonald’s interviews have not yielded more insight, particularly about the trauma suffered after partner Anil Kumar and former managing director Rajat Gupta were hit with insider trading...
...The Rajaratnam case exposed a senior network of contacts, including Gupta and Anil Kumar, a McKinsey partner. “Why don’t we just charge the entire Wharton class of 1983?”...
...The rise of Rajat Gupta was steady but his fall was swift....
...Prosecutors called Mr Kumar back to the witness stand earlier this year to testify against Rajat Gupta, his mentor at McKinsey....
...Prosecutors called two witnesses to bolster their allegation that Rajat Gupta, the former Goldman Sachs director, had a motive to tell Raj Rajaratnam, his former friend, confidential corporate information...
...Mr Kumar told the jury by February 2009, Mr Gupta told him he had documents suggesting “Mr Rajaratnam had removed some of the money from that fund for himself”....
...Also on the list was Anil Kumar, a former McKinsey partner, and Rajiv Goel, an Intel executive nicknamed Peter Pan. Both men have pleaded guilty to insider trading....
...US prosecutors have asked a judge to allow previously unheard recorded phone conversations to be used in the insider trading trial against Rajat Gupta, the former McKinsey director and Goldman Sachs board...
...He was also taped calmly talking about the fact that Mr Rajaratnam was paying Anil Kumar, a McKinsey partner, $1m a year for information....
...Warren Buffett, the billionaire investor, and Lloyd Blankfein, Goldman Sachs’ chief executive, are among the business leaders listed as potential witnesses in the insider trading case against Rajat Gupta...
...He was introduced by Anil Kumar, a McKinsey partner and business school classmate of Mr Rajaratnam....
...Mr Kumar was arrested in 2009 while still working at the firm....
...The other, Rajat Gupta, the former head of McKinsey, has denied wrongdoing and has not been charged....
...Anil Kumar, another former McKinsey director, has previously pleaded guilty to passing information he learnt about clients to Mr Rajaratnam....
...On a broader measure of revenues, between 2009 and 2010 – despite the arrest of Anil Kumar and the spreading rumours about Rajat Gupta – McKinsey expanded by nearly 9 per cent....
...Mr Kumar, the former McKinsey partner, said he was concerned about Mr Gupta. “At some point, what I worry about is that there can be this massive implosion in him,” Mr Kumar said....
...Rajat Gupta, a former head of McKinsey, has been charged with civil violations by the Securities and Exchange Commission but denies wrongdoing....
...McKinsey was unsettled by the appearance of Anil Kumar, a former partner, as a star witness for the government in its insider trading case against hedge fund billionaire Raj Rajaratnam, founder of Galleon...
...One thing is certain: insider trading charges against Rajat Gupta, former global managing director of McKinsey, will not feature in the management consultancy’s online Alumni News round-up....
...Dominic Barton, global managing director, is expected to take the opportunity of face-to-face meetings with partners to address the potential implications of the trial and the separate civil charges against Rajat...
...His testimony seemed aimed at suggesting an alternative reason why Raj Rajaratnam, the founder of Galleon Group, had asked Rajat Gupta, a Goldman board member, in July 2008 if the bank had considered merging...
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