Photo: The Setai
Raj Rajaratnam’s South Beach condo has become another character in the drama that is the Raj trial.Yesterday, jurors heard government witness Anil Kumar talk about a vacation he spent with Raj in Miami in 2009, during which, he says Raj received a tip on a Cisco acquisition.
Raj and Anil Kumar were literally lounging in deckchairs on the beach when the call came in. Inside Raj’s Setai condo that night, Kumar bought some stock based on the tip. A couple of weeks later, they were both arrested.
Raj even used his $1.4 million condo in The Setai hotel development in his bail reconsideration in 2009, to prove he wasn’t a flight risk.
The Setai is made up of two buildings: one, an Art Deco landmark built in the 1930s; the other, a 40-story glass tower, in which the condos are located, was built in 2004.
And guests can even choose what type of sheets they want to sleep between: Fine Sateen or Pure Irish bed linens.
The Setai has three different pools, and each is maintained at a different temperature. Apart from the usual hotel pool amenities, iPods are also available for hotel guests to use during the day.
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