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One sinhalam says......Raj Rajaratnam Sets Example for Diaspora Members to Follow. Sunday, 18 October 2009 - 4:43 PM SL Time |  | |
By Kalyananda Godage
The news last week that Raj Rajaratnam had pledged a million US dollars to help with the rehabilitation of former LTTE combatants would be welcomed in certain circles but would have raised the hackles among the hardliners in the Diaspora and he may be under sever pressure to change his mind. There would also be many in this country who would ask the question as to why we should accept money from any member of the Tamil Diaspora who has given money to the TRO. That was of course during the Ranil Wickremasinghe administration when we had the CFA and the TRO was considered respectable. It was long before the organization was proscribed.
The reaction of the locals would be an understandable reaction considering the harm done to this country by the Tamil Diaspora, to many of whom the war was revenge for Black July in 1983 which resulted in them leaving the country in droves. As for Rajaratnam who, according to the Forbes List is one of the richest men in the world, he has been investing heavily in this country over a long period of time he is said to hold shares in John Keells Holdings, Hemas and in a number of other institutions in this country. His investments here, according to informed sources, amount to over Rs. 300 million.
http://transcurrents.com/tc/2009/09/raj_rajaratnam_sets_example_fo.html |
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http://transcurrents.com/tc/2009/09/raj_rajaratnam_sets_example_fo.html |
tigeress19
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 18 Oct 2009 09:49:42 GMT Report for Abuse
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Posted by transCurrents on September 26, 2009 08:33 PM
i do not know what that sinhalam would say after the arrest...
Raj Rajaratnam arrest in US triggers panic in Sri Lanka
Raj Rajaratnam arrest in US triggers panic in Sri Lanka
by Feizal Samath
Sri Lankan-born billionaire businessman Raj Rajaratnam's arrest in the United States on Friday on an alleged US$ 20 million insider trading charges has hit Sri Lanka like a thunderbolt with not only the Colombo Securities & Exchange Commission(SEC) here scrambling to check whether his million-dollar dealings bordered on any illegality, but also high-level politicians under a cloud for involvement with him.
Raj Rajaratnam, the founder of Galleon Group, on his way to Manhattan federal court-pic: Reuters
The US Attorney, Preet Bharara, announced Rajaratnam's company Galleon Group had as much as US$ 7 billion in assets. 'This is not a garden variety insider-trading case', he told a news conference after the arrest. 'This case represents the largest hegde fund insider-trading case ever charged criminally'.
In Colombo, news that his arrest by US federal agents who wire tapped his telephone calls by court authority sent the political establishment as well as the business community into a tail-spin. Cabinet Ministers and former Cabinet Ministers with whom the US-based Sri Lankan fund manager had been talking were concerned if their names would come up in the investigations.
In September this year, Justice Minister Milinda Moragoda had told President Mahinda Rajapaksa that Rajaratnam was willing to pay US$ 1 million for the rehabilitation of LTTE child-soldiers. Foreign Minister Rohitha Bogollagama had objected to the exercise saying that the Foreign Ministry had given a dossier to the US Treasury Department's Directorate of Intelligence on Money Laundering that Rajaratnam is a front for LTTE finances.
Minister Bogollagama yesterday confirmed to the Sunday Times that he had objected to his Cabinet colleague's suggestion. The Justice Ministry later made a public announcement stating that Rajaratnam would be giving this money.
Rajaratnam's tentacles into the Sri Lankan political mainstream extends to meetings with President Mahinda Rajapaksa and Opposition Leader Ranil Wickremesinghe. His business associates included frontline Cabinet Ministers, past and present. Much of his Sri Lankan portfolio is managed by the son of a now retired multi-millionaire businessman of a blue-chip company and who is married to a Cabinet Minister's sister.
The single largest known US contributor to a charity linked to the LTTE, the Tamil Rehabilitation Organisation (TRO), Rajaratnam was a major contributor to US Secretary of State Hillary Clinton's campaigns.
Rajaratnam had given as much as US$ 3.5 million to the TRO. 'The TRO passed off its operations as charitable, when in fact it was raising money for designated terrorist groups responsible for heinous acts of terrorism,' director of the Treasury Office of Foreign Assets Control at the time said.
The New York-based businessman has a stake in all ten of the top listed Sri Lankan companies.
In the general sense of things we need to probe and find out whether any of the transactions Rajaratnam was involved were questionable, said an SEC official, who declined to be named. There haven t been any issues in the past (over his investments) but due to the new developments it is incumbent on our part to look at these issues afresh
Mr. Rajaratnam, is the single largest foreign investor in Sri Lankas stock market, investing millions in blue chips companies and lately in smaller firms. This has raised some eyebrows, according to stock market analysts.
http://transcurrents.com/tc/2009/10/raj_rajaratnam_arrest_in_us_tr.html
Edited By - tigeress19 - 18 Oct 2009 09:50:07 GMT |
tigeress19
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18 Oct 2009 09:51:58 GMT Report for Abuse
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Foreign Minister Rohitha Bogollagama had objected to the exercise saying that the Foreign Ministry had given a dossier to the US Treasury Department's Directorate of Intelligence on Money Laundering that Rajaratnam is a front for LTTE finances.
his arrest by US federal agents who wire tapped his telephone calls by court authority ...
he he he........ |
Pannacotta
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 18 Oct 2009 11:07:01 GMT Report for Abuse
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http://www.youtube.com/watch?v=EkzyxaHEhfE&feature=related
some punakku with extra topping for Tigress... enjoy. |
Pannacotta
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18 Oct 2009 11:09:03 GMT Report for Abuse
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| Imagine, EVERYONE in that video is dead or missing now... he he he he he he he he he! |
Pannacotta
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18 Oct 2009 11:11:35 GMT Report for Abuse
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LTTE delegation meets Belgian, EU Officials
TamilNet, Monday, 18 October 2004, 13:29 GMT Liberation Tigers delegation lead by Head of Political Wing, S.P.Thamilchelvan, met with Officials of Foreign Affairs Section of the Belgian Government and of the European Union in two separate meetings Monday, LTTE sources from Brussels said.
Tigress, any more meetings n Brussels? Where is TS these days? |
tigeress19
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18 Oct 2009 11:30:42 GMT Report for Abuse
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What ARE you trying to say? :)))
rajaratnam happened to be a tamil who invested in the island heavily in the past and at present a dual citizen ship holder....due the to balckmailing by the brothers...he agreed to do the money laundering for the brothers in the US....if not he will lose all his interests in the island.(kotalawla's wife's account was frozen recently)
bollogma on the other hand presented a dossier to the US accusing rajaratnam a ltte fundraiser.
the US arrested rajaratnam after wire tapped his telephone calls.....
at the end of the day...rajaratnam was not charged for funding the ltte as bollogma says...but for money laundering and transferring....
this sinhalam Kalyananda Godage says the diaspora should make all dodge deals with the sinhala pariah state...
thats all for now owl...
Edited By - tigeress19 - 18 Oct 2009 11:34:47 GMT |
bakamoona
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 18 Oct 2009 11:34:17 GMT Report for Abuse
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Tigress
Thank you! Thank you!
Were the INSIDER Dealing charges dropped? He was arrested for Insider dealing -not money laundering -wasnt he?
:)) |
tigeress19
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18 Oct 2009 11:41:52 GMT Report for Abuse
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Were the INSIDER Dealing charges dropped? He was arrested for Insider dealing -not money laundering -wasnt he?
:))
rajaratnam is released on bail..i would think it must be a conditional one...(his passport is taken of him)..
no chrges are dropped!
now rajaratnam should prove that he made no money through less legal means....+ shiould declare all his assets...including the money transfered to the island..
:))
tamil curse is haunting rajaratnam for funding the sinhala economy!
Edited By - tigeress19 - 18 Oct 2009 11:44:52 GMT |
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