Accused SAP Tipster Aggarwal Released on Bond by Judge
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Sandeep Aggarwal, a technology analyst charged with providing inside information to SAC Capital Advisors LP, was ordered released on $500,000 bond and told to appear in federal court in New York Aug. 2.
Aggarwal, 40, of Gurgon, India, can’t have any contact with SAC fund manager Richard Lee or other co-defendants under terms of his release, U.S. Magistrate Judge Nandor Vadas said at a hearing today in San Francisco. Aggarwal was arrested yesterday by Federal Bureau of Investigation agents in San Jose, California, as part of the goverment’s probe of insider trading at hedge funds, said Peter Donald, an FBI spokesman in New York.