29 December 2022 09:29 am Views - 1455
The founder of Galleon Group Hedge Fund,Sri Lanka-born Raj Rajaratnam was arrested by the FBI and charged with criminal offenses of insider trading securities frauds in 2009.
Rajaratnam had also been accused of giving more than US$3.5 million to the Tamil Rehabilitation Organization (TRO) whose assets were frozen by the US Treasury Department in November 2007 because of its alleged ties to the Tiger terrorists.
Rajaratnam was also linked to the controversial US$ three million which was deposited at the Standard Chartered Bank branch in Kirillopane without the authority of the Central Bank in 2006.
Former UNP MP Ravi Karunanayake’s name was linked in the illegal transaction but in 2015, Karunanayake was acquitted by court on charges of money laundering in violation of the Exchange Control Act.