Indian-American Anil Kumar,an accused in the largest insider trading scam in the US,has agreed to waive indictment in the Galleon Hedge Fund case,in an indication that he might plead guilty as per a deal struck between him and the prosecutors. The latest court documents filed by Preet Bharara,the US attorney for the Southern District of New York,said that his office would file more documents known as information. Waiving right to indictment could mean that a deal has been reached between the former McKinsey director and the prosecutors,which holds the possibility of the accused pleading guilty.
