Galleon case: Kumar to waive indictment

Galleon case: Kumar to waive indictment

New York: Anil Kumar, former director McKinsey and Co., who is a defendant in the Galleon Group insider-trading case, will be charged by criminal information once he waives his right to be indicted by a federal grand jury.

The notice of Kumar’s agreement to waive indictment was signed by his lawyer, Robert Morvillo, and prosecutors from the office of US attorney Preet Bharara in Manhattan, and filed in his case on Wednesday, according to Rebekah Carmichael, a spokeswoman for Bharara. She declined to comment further. Morvillo didn’t immediately return a call seeking comment.

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