Raj Rajaratnam To Be Tried For Funding LTTE

Sri Lankan born millionaire Raj Rajaratnam, his father and his family’s organization are accused of sending funds to the LTTE.

On Wall Street, Raj Rajaratnam is famous for being a perpetrator in one of the biggest insider trading cases in history. Three years ago, Rajaratnam was found guilty of securities fraud involving his Galleon Group hedge fund and sentenced to 11 years in prison.

But he’s also the subject of another lawsuit that’s only just beginning. At least 30 survivors of Lankan civil war accused Raja Rajaratnam, his father JM Rajaratnam and family foundation Tamil Rehabilitation Organisation (TRO) of funding $5 million to Liberation Tigers of Tamil Eelam (LTTE), also known as Tamil Tigers, which initiated the attacks back in 1983.

The complaint alleges that Rajaratnam and his father “are members of the global Tamil expatriate community who knowingly and purposefully helped fund LTTE’s terror campaign.”

Rajaratnam did donate at least 5 million dollars to an American charity called the Tamil Rehabilitation Organization between 2000 and 2007. The U.S. government said in 2007 that the group was a fundraising front for the Tamil Tigers.

The hearing against Rajaratnam is expected to be initiated within months.

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