Former McKinsey & Co. director Anil Kumar has reportedly agreed to waive indictment.

It was also informed that Anil Kumar, who is a defendant in the Galleon Group insider-trading case, would be charged by criminal information by the US Attorney’s office in Manhattan.

Mr. Kumar’s lawyer Robert Morvillo and prosecutors from the office of Attorney signed the notice of Mr. Kumar’s agreement to waive indictment.

Commenting on the issue, criminal lawyer Barry Pollack said, “It’s a good sign that at a minimum they are negotiating some sort of a deal.”

Mr. Kumar is facing allegations of passing confidential information regarding Advanced Macro Devices to Galleon founder Raj Rajaratnam.

If Mr. Kumar, who left McKinsey on November 30, pleads guilty, he will be the seventh person to do so in the Galleon case.