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Rajaratnam Jurors Told of Inside Tips by Ex-McKinsey Director

Anil Kumar, then a McKinsey & Co. director, was secretly updating Raj Rajaratnam while he helped Advanced Micro Devices Inc.’s management negotiate a deal to sell chips to Hewlett-Packard Co., Kumar told jurors.

Kumar, 52, testifying in Rajaratnam’s criminal insider-trading trial in Manhattan federal court yesterday, said Rajaratnam, the co-founder of Galleon Group LLC, covertly hired him as a consultant in 2003 for $500,000 a year in violation of McKinsey rules. The money was paid into a Swiss bank account, he said.