Tapes Reveal Consultant's Tips To Rajaratnam: US

Law360, New York (March 14, 2011, 7:42 PM EDT) -- In the insider trading trial of Raj Rajaratnam in New York on Monday, prosecutors played wiretap recordings in which a McKinsey & Co. consultant allegedly shared tips with the Galleon Group LLC chief about technology company deals.

Anil Kumar, the former consultant and a star cooperating witness for the government, told Rajaratnam in March 2008 that Lenovo Group Ltd. “was certainly quite advanced in the dialogue” in a proposed deal with Fujitsu Ltd., according to a phone recording played in the U.S. District Court for the...
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