Word: lankan
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...billion, has long faced suspicions of financial misconduct in the island nation where he was born in 1957. He has been accused of being a supporter of the now-defunct Liberation Tigers of Tamil Eelam (LTTE) and of using his financial strength to gain a foothold on the Sri Lankan stock market and manipulate it to suit Tiger strategies to undermine the Sri Lankan economy. Though he has not faced any formal charges in Sri Lanka, Rajaratnam and the Galleon Group, the hedge fund he founded, have been linked by Sri Lankan financial authorities to a pending court case...
...Sarath Godakanda, an official at the Ministry of Justice and Law Reforms, told TIME. It was not clear whether the funds pledged by Rajaratnam had already been received. The International Organisation of Migration, the U.N. agency that is implementing the rehabilitation project, said that it was consulting the Sri Lankan government on a decision on how to move forward on the pledge made by Rajaratnam. (See the top 10 crooked CEOs...
...donations to the TRO were ongoing. "The Central Bank states that investigations are yet continuing in relation to the funding allegedly provided by Raj Rajaratnam to the TRO," the Bank said in an official statement. Rajaratnam's donations to the TRO had been closely monitored by Sri Lankan authorities, according to Sri Lankan security expert Shanaka Jayasekara, attached to the Centre for Policing, Intelligence and Counter Terrorism at Macquarie University in Sydney, Australia. "He had come to the attention of the Financial Intelligence Unit due to the funding," he says. (See pictures of the top 10 scared stock traders...
...motivations for my trimming a small amount of my overall investments. I tune out these noises and stay focused," he told the LMD, a premier local business magazine. Jafferjee could not confirm estimates that the arrested billionaire may still have investments as high as $100 million in the Sri Lankan market...
...poor counterterrorism apparatus. While authorities mounted a swift and eventually successful response, the militants' ability to penetrate such high-profile targets in major cities will inspire little confidence. It was the fourth time that major terrorist attacks have wounded Lahore, including a March 3 attack on the visiting Sri Lankan cricket team and the May 27 bombing of the Inter-Services Intelligence agency's regional headquarters...