Anil Kumar, insider trading witness, avoids jail
Anil Kumar, a former Indian American McKinsey executive, avoided jail time after prosecutors hailed his ``extraordinary'' cooperation leading to the conviction of hedge fund billionaire Raj Rajaratnam for insider trading.
A day after former Goldman Sachs director Rajat Gupta notified the court that he will not testify in his own defence, his eldest daughter and close friends took the witness stand on his behalf in the high-profile insider trading trial here.