According to the sources the billionaire’s direct interests and stakes on the country held through his Galleon Group LLC won’t be affected by the liquidation of the hedge-fund firm following criminal and civil probes.

“He certainly was looking at further investments into Sri Lanka,” said Ajit Gunewardene, deputy chairman of John Keells, “He was very keen in giving back something to the country,” he said.

The investments of Rajaratnam and Galleon funds in Sri Lankan shares were valued at about 13.3 billion rupees ($115 million) as of Oct. 19, according to estimates by CT Smith Stockbrokers Pvt in Colombo.

Rajaratnam was arrested Oct. 16 on charges he was at the center of a ring that earned $20 million in profit by trading on material nonpublic information about companies including Intel Corp. and Google Inc. He is free on $100 million bail and has said he is innocent.