Prosecutors in the Galleon case today asked the court not to reduce the $100 million bail set for Galleon founder Raj Rajaratnam, arguing that he poses “a serious risk of flight.” The WSJ reports that prosecutors believe the significant amount of prison time Rajaratnam is facing in the case, his extensive travel in the past and his substantial assets make him a flight risk.
Prosecutors argued that “If the defendant has no intention of fleeing, then it should not matter to him whether the bond is $25 million or $100 million.”
As discussed here, Rajaratnam asked the court last week to reduce his bail to $25 million and to allow him to travel freely within the continental U.S.
