Alleged Rajaratnam Co-Conspirator Buckles

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Kumar. Photo: nypost.com

It looks like Sad Anil Kumar, the McKinsey & Co. senior partner who was accused of colluding with Galleon Group CEO Raj Rajaratnam in illegal conspiracy and fraud, might be cutting a deal. Government prosecutors put in a request to the U.S. District Court in Brooklyn Manhattan yesterday, signed by Kumar's attorney, which is likely a step in the direction of waiving his right to a grand-jury indictment. Experts told the Post this likely means that he's going to plead guilty, or that he's reached a deal with prosecutors at the U.S. Attorney's office. Either outcome will open him up to testify against his college buddy Rajaratnam, whom he's accused of illegally leaking proprietary information. If so, he'll join four people who already agreed to testify against Rajaratnam in hopes of lighter sentences. Bet ol' Raj wishes he still had that stun gun.

Ratting against Raj [NYP]