Report: Former AMD CEO Ruiz was source in scandal

28.10.2009

Other individuals charged by the SEC include Raj Rajaratnam, a portfolio manager with hedge fund Galleon Group; Anil Kumar, a director at McKinsey; and Mark Kurland of New Castle Funds.

McKinsey's Kumar was also charged with sharing information about AMD's reorganization in the case. Kumar allegedly tipped off Rajaratnam about pending transactions involving AMD and two Abu Dhabi-based "sovereign entities," the SEC said. Rajaratnam then made trades on Galleon's behalf based on the insider information.

AMD has had multiple transactions involving the Abu Dhabi government in recent years. In 2007, the Abu Dhabi government's Mubadala Development Company paid US$622 million to acquire an 8.1 percent stake in AMD.

GlobalFoundries declined to comment on the report, saying the allegations predated the launch of the company. AMD did not immediately respond to requests for comment.