Raj Rajaratnam Favored Chiesi’s Tips on AMD, Kumar Tells Jurors
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Anil Kumar, a former director at McKinsey & Co., said Raj Rajaratnam told him the value of his inside information to Galleon Group LLC was “diminished” because trader Danielle Chiesi's “intimate relationship” with the head of Advanced Micro Devices Inc. made her tips more valuable.
Kumar’s testimony yesterday in Rajaratnam’s insider trading trial in Manhattan federal court came as he described providing Rajaratnam with information about deals from 2004 to 2009 involving companies such as his client, AMD.