Rajaratnam would make the payment, representing the profits obtained by unlawful means, to the SEC within 90 days after the entry of the final judgement in court records, according to a filing.
Rajaratnam, currently serving a 11-year prison term, was convicted of securities fraud and conspiracy in May 2011. He was accused of running a network of friends and associates who leaked corporate secrets to him for years.
Former Goldman Sachs Group Inc. director Rajat Gupta, a former chief of consulting firm McKinsey & Co., has also been charged with leaking tips to Rajaratnam. Gupta denies the charges.
Rajaratnam, the founder of Galleon Group, has already paid $63.8 million in criminal penalties, and a judge had earlier ordered him to pay $92.8 million in a civil case brought by the SEC.
The case is SEC vs Rajaratnam et al, U. District Court for the Southern District of New York, No. 11-07566.
Copyright: Thomson Reuters 2012