Prosecution in Rajaratnam trial may rest case

Alright, remember the Raj Rajaratnam trial? Read if you don't.

And here's an update: After three weeks of presenting evidence against Galleon Group founder Raj Rajaratnam, accused of making USD 45 million from insider trading, the prosecution is expected to rest its case tomorrow.

The government plans to present two more witnesses before wrapping up. Rajaratnam's lawyer John Dowd said the defence could begin their case later today.

Since the trail began in March, government lawyers have played secretly recorded phone conversations between Rajaratnam and other alleged conspirators, who provided him with confidential information.

Out of 26 people arrested in the case, 19 have pleaded guilty. 53-year-old Rajaratnam, who is charged with 14 counts of conspiracy and securities fraud, denies wrongdoing. If found guilty, he faces up to 20 years in prison.