outlet online who represents Kumar

done something wrong, we will take swift and appropriate action."
Intel said last week that it was reviewing internal policies as a result of insider-trading allegations related to the Galleon case that have been made against one of its executives.
WIDENING WEB
In McKinsey's casesports blog In Wells Fargo's wealth, Kumar outlet online , 51, has been accused of sharing inside information with Rajaratnam about pending transactions involving AMD and two Abu Dhabi-based entities.
"We were very surprised and remain concerned by the allegations against Anil Kumar," McKinsey said in a statement.
"We have suspended Mr. Kumar indefinitely pending the results of the internal investigation we have underway and the unfolding legal proceeding."
The U.S. Securities and Exchange Commission and the Department of Justice are investigating the Galleon case.
McKinsey said this was the first time in its 83-year history that a firm member has been charged with securities law violations.
Attorney Charles Clayman outlet online , who represents Kumar, said his client was "unaware" of the McKinsey investigation.
Kumar, who was arrested in New York and released on a bond secured by his California home. Clayman said Kumar had been placed on paid leave and that he has denied any wrongdoing related to the Galleon matter.
Federal prosecutors have said that the insider-trading scheme yielded a profit of more than $20 million.
Charged along with Kumar and Rajaratnam were Danielle Chiesi, Mark Kurland, Rajiv Goel, Robert Moffat. Rajaratnam, who has said he is innocent, is free on $100 million bail.
Galleon liquidated most of its $3.7 billion portfolio last week after investors began demanding their money.
(Additional reporting by Ritsuko Ando in New York; Editing by Edwin Chan outlet online , Toni Reinhold)
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