The Indian School of Business, backed by some of the leading global companies, 
has been dealt another black eye with an executive board member charged over the largest hedge fund insider-trading scheme.
Billionaire Galleon Group founder Raj Rajaratnam and five others, were charged by U.S.
investigators on Friday in an insider-trading case, generating profits of more than $20 million over several years.
Among those charged, Anil Kumar, a director at consulting firm McKinsey & Co., is on the executive board of the Indian School of Business (ISB), a premier management institute which was placed second among Asia's business schools this year.
"The incident is strange and shocking," said Rishi Sahai, managing director of Cogence Advisors, a New Delhi-based corporate advisory firm. "Greed has overpowered all the corporate and management rationalities."
Kumar, 51, a resident of Saratoga, California, is a friend of Rajaratnam's and a direct or indirect investor in certain Galleon funds.
Located in the southern Indian city and technology hub of Hyderabad, the school's governing board reads like a mini-Who's Who of global business, drawing on leaders from LVMH and Dell to Citigroup and Goldman Sachs.
The school has academic alliances with the Kellogg School of Management at Northwestern University, the Wharton School at the University of Pennsylvania, and the London Business School with an aim to bring in the best of global management practices.
has been dealt another black eye with an executive board member charged over the largest hedge fund insider-trading scheme.Billionaire Galleon Group founder Raj Rajaratnam and five others, were charged by U.S.
investigators on Friday in an insider-trading case, generating profits of more than $20 million over several years.Among those charged, Anil Kumar, a director at consulting firm McKinsey & Co., is on the executive board of the Indian School of Business (ISB), a premier management institute which was placed second among Asia's business schools this year.
"The incident is strange and shocking," said Rishi Sahai, managing director of Cogence Advisors, a New Delhi-based corporate advisory firm. "Greed has overpowered all the corporate and management rationalities."
Kumar, 51, a resident of Saratoga, California, is a friend of Rajaratnam's and a direct or indirect investor in certain Galleon funds.
Located in the southern Indian city and technology hub of Hyderabad, the school's governing board reads like a mini-Who's Who of global business, drawing on leaders from LVMH and Dell to Citigroup and Goldman Sachs.
The school has academic alliances with the Kellogg School of Management at Northwestern University, the Wharton School at the University of Pennsylvania, and the London Business School with an aim to bring in the best of global management practices.
