Prosecutors had asked that Mr. Rajaratnam be placed in custody, arguing that he was a flight risk. They said that he had the means to leave the country, noting that he owned property in Sri Lanka and Singapore.
Judge Richard J. Holwell ordered home detention and electronic monitoring for Mr. Rajaratnam.
Someone who answered the phone at Mr. Rajaratnam’s home and would only describe himself as a family friend expressed surprise at the verdict. Mr. Rajaratnam “was confident that nothing would happen,” he said
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Date: 2011-05-11 11:25 pm (UTC)From Dealbook: