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Tuesday, October 27, 2009

 

Wall Street villains?

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Then federal authorities came to arrest Anil Kumar, 51, a partner at the global consulting firm McKinsey & Co., for alleged insider trading with Raj Rajaratnam, the founder of Galleon Management, it is reported he fainted at the door and had to be hospitalized.

Kumar's colleagues at McKinsey are shocked as are Silicon Valley friends, who know him as a careful and smart man who never discussed inside information. In fact, Kumar was so trusted, McKinsey sent him to India back in 1998 to set up its India Knowledge Center, a data backbone for Wall Street investors, the Financial Times reports.

To friends and colleagues, Kumar and Rajiv Goel, one of the directors at Intel Capital who is also accused of insider trading, were generous and philanthropic.

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