Ex-McKinsey partner says hedge fund billionaire Raj Rajaratnam paid $1.75 million for tips on clients
Jan 8th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
A former senior partner of US management consultants, McKinsey & Co, admitted in a court on Thursday that Galleon Hedge Fund founder and billionaire, Raj Rajaratnam, paid him $1.75 million in exchange for tips on clients of the consulting firm, giving prosecutors a potentially key break in the insider-trading case.