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Anil Kumar
Anil Kumar (born 1958) was a top senior partner and director at management consultancy McKinsey & Company, where he co-founded McKinsey's offices in Silicon Valley and India and created its Internet practice (representing a quarter of McKinsey's business at the time) among others. Kumar is additionally the co-founder of the Indian School of Business with Rajat Gupta and the creator of two different kinds of outsourcing. He graduated from IIT Bombay in India, Imperial College in the UK, and The Wharton School in the US. In 2010 he pleaded guilty to insider trading in a dramatic “descent from the pinnacle of the business world.”〔Pulliam, Susan and Michael Rothfeld. (“Motive for Stock Leak Can Be Respect, Love” ). ''The Wall Street Journal.'' March 14, 2011.〕 He was the government's first cooperator and most important witness “in two of the most important securities fraud trials in history”〔Brodsky, Reed and Richard Tarlowe. (“Government's Sentencing Memorandum (section 5K1.1(a) (1)-(5))” ). United States Attorneys Office for the Southern District of New York. ''United States Department of Justice.'' Access via United States District Court for the Southern District of New York (access required). July 20, 2012.〕 against close friends and business partners Raj Rajaratnam, the billionaire founder of the Galleon Group family of hedge funds, and Rajat Gupta, the former head of McKinsey and Company and a board member of Goldman Sachs and Procter and Gamble. Rajaratnam and Gupta were both convicted in separate high-profile criminal trials. He was sentenced in 2012 by Judge Denny Chin to two years of probation in exchange for testimony against former friends Rajanatram and Gupta.〔http://www.thenation.com/article/the-strange-true-story-of-how-a-chairman-at-mckinsey-made-millions-of-dollars-off-his-maid/〕 Chin stated that “greed wasn't the motive in () case” and that “this was aberrational conduct ... Mr. Kumar has led a law-abiding and productive life.”〔Bray, Chad. (“Kumar Avoids Jail for His Help in Insider Crackdown” ). ''The Wall Street Journal.'' July 19, 2012.〕 Federal prosecutors called Kumar “one of the best and most important cooperating witnesses” they had ever worked with.〔Hurtado, Patricia. ("Kumar’s Rajaratnam Cooperation ‘Extraordinary,’ U.S. Says" ). ''Bloomberg.'' July 16, 2012.〕 In 2015, an investigation noted that Mr. Kumar had illegally collected funds from insider trading in offshore accounts in the name of his domestic worker, Manju Das. The investigation alleged that Ms. Das had no knowledge of these accounts, which were created with identity documents falsified by Mr. Kumar; and that Mr. Kumar had paid Ms. Das far below minimum wage for several years in violation of US law. Ms. Das now lives in extreme poverty in India. == Early life and education ==
Kumar graduated first in his class from The Doon School, an elite high school in India, and ranked among the top 100 students across India for admission to the competitive Indian Institute of Technology colleges.〔Kumar, Anil (453-KB) 1970-74, The Doon School Old Boys' Society Register (2011) p.87〕 He graduated third in his class from IIT Bombay with a degree in mechanical engineering, writing a thesis on renewable energy. Kumar attended Imperial College at the University of London on “the equivalent of the Rhodes scholarship” sponsored by Cecil Rhodes's De Beers Company.〔Morvillo, Gregory and Paul Grand. (“Sentencing Memorandum” ). ''Morvillo, Abramowitz, Grand, Iason, Anello, and Bohrer, P.C.'' Access via United States District Court for the Southern District of New York (access required). July 20, 2012.〕 He became the first student to complete Imperial's two-year course in applied mechanics in 10 months, and also graduated first in his class. Kumar attended business school at the Wharton School at the University of Pennsylvania with a self-designed major on the management of technology and international business.〔
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