Following the loss of its dean Mendu Rammohan Rao in January this year, because of the unfolding fraud allegations at Satyam Computer Services where he was a board member, the Indian School of Business has now lost one of its own board members amidst questions of insider trading in the US.
McKinsey director Anil Kumar has asked for leave of absence from the ISB board, reports Reuters, while he handles allegations of involvement in an alleged hedge fund insider trading scheme. The allegations centre on billionaire investor Raj Rajaratnam, founder of the Galleon hedge fund.
