McKinsey in uncomfortable Rajaratnam trial glare | business | Hindustan Times
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McKinsey in uncomfortable Rajaratnam trial glare

Even after former McKinsey and Co global head Rajat Gupta retired in 2007, he used its New York office and had an executive assistant, email address and phone at the elite management consultancy.

business Updated: Mar 31, 2011 22:02 IST
Reuters

Even after former McKinsey and Co global head Rajat Gupta retired in 2007, he used its New York office and had an executive assistant, email address and phone at the elite management consultancy.

At least twice he called his hedge fund manager friend Raj Rajaratnam, providing what prosecutors contend were leaks of boardroom secrets about Goldman Sachs Group Inc. Gupta, had won a seat on the board of the powerful investment bank in 2006.

Barely a day has gone by at Rajaratnam's insider trading trial that Gupta and McKinsey have not been mentioned by prosecutors seeking to prove that the Galleon Group founder received leaks from well-connected friends.

The trial has punctured McKinsey's prized reputation for closely guarding client confidentiality.

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