Kumar’s Rajaratnam Cooperation ‘Extraordinary,’ U.S. Says
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Former McKinsey & Co. partner Anil Kumar provided “extraordinary” cooperation as a government witness against hedge-fund manager Raj Rajaratnam and former Goldman Sachs Group Inc. director Rajat Gupta, prosecutors said.
At Rajaratnam’s trial last year, Kumar’s testimony “was nothing short of devastating,” prosecutors said today in a letter to Denny Chin, the federal judge who is scheduled to sentence Kumar July 19. Kumar pleaded guilty to participating in an insider-trading scheme with Rajaratnam.