Ex-McKinsey and Co. Director, Anil Kumar, accused of allegedly leaking important information in the Galleon hedge fund case, has reportedly agreed to waive indictment in the case, thereby suggesting that he might have been able to strike a deal with prosecutors that might include a guilty plea.

As per the court document that was filed on Wednesday, the U. S. attorney's office in New York has shared that it is looking to file more such documents related to Mr. Kumar's case. These documents, which are known as information", more often than not indicate that there has been some kind of a deal between the prosecutors and the defendant.

On December 04, McKinsey had said that Mr. Kumar had left the firm, after which he was place on "indefinite leave".

Earlier during the month, Galleon founder Raj Rajaratnam and Danielle Chiesi, an executive at New Castle Funds, had pleaded "not guilty" to the slapped charges, after the two were slammed with a case which the prosecutors are claiming is the largest insider trading ring bust that history has ever seen.

No comments have yet been shared on the development by either of the parties involved.