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Rajaratnam Said to Have Planned Sri Lanka Fund Before Arrest

Bloomberg – Raj Rajaratnam, the founder of Galleon Group, planned to gauge interest in a $200 million Sri Lanka fund with a trip to London before he was arrested, said two people with knowledge of the matter.

The Sri Lankan-born billionaire had planned to raise money for the fund by listing it on London’s Alternative Investment Market, one of the people said, asking not to be identified because the information is private. Dan Gagnier, a New York- based spokesman for Galleon, couldn’t be reached for comment after business hours.

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