Monthly Archives: October 2011
So the fat man goes down. Raj Rajaratnam, held up as the epitome of Wall Street greed and corruption, will supposedly spend the next 11 years behind bars for insider trading. He could have received a stiffer sentence, but according to the article the judge was influenced by Rajaratnam’s so-called ‘good deeds’ –his generous contributions to the victims of 9/11 as well as to the victims of the 2004 tsunami. Of course, as Sri Lankans, we are aware that the TRO, or Tamil Relief Organization, is a front for the LTTE terrorist organization, and that Rajaratnam was one of its biggest contributors. Whether the western media is simply stupid or distracted, they refuse to connect the dots: That a prominent Wall Street insider was funding international terrorism. If that’s not a headline, I don’t know what is.
Though the U.S. courts did not charged him for terror financing , it has been a well-known fact that Raj and his father J.M were the key figures that ran the multimillion dollar illegal business empire of the defeated terrorist outfit.
In 2007, Jane’s Defense Review said the illegal business enterprises around the world could earn an annual income of 200-300 million U.S. Dollars. The FBI once called the LTTE the world’s most deadly terror outfit. It was the terror group that pioneered the art of suicide bombing and the only terror group in the world to kill two world leaders.
Though the severity of punishment given to Rajaratnam is nothing compared with the horrendous crimes committed against Sri Lankans with his support, One Sri Lanka Peace Watch believes that justice has been finally delivered to tens and thousands of innocent men, women and children killed and maimed by the Tamil Tigers with Rajaratnam’s money.
View crimes that Rajarathman and other LTTE supporters in the U.S. and other western country’s are responsible for
Sign the petition to Obama administration to support Sri Lanka’s domestic reconciliation process
New evidence has surfaced that the Sri Lankan born billionaire hedge fund manager Raj Rajaratnam was monitored by the FBI for allegedly funding the LTTE in Sri Lanka, according to an exclusive expose in the latest edition of US-based Vanity Fair .
Earlier this year, Rajaratnam, founder of the Galleon Group hedge fund, was convicted of conspiracy and securities fraud in one of the biggest insider-trading cases in the history of Wall Street. He is due to be sentenced on October 13.
Headlined “Crouching Tiger, Hidden Raj”, the Vanity Fair article reveals that Rajaratnam’s affinity to the LTTE was another reason why the US law enforcement wanted to investigate his dealings.
The story reveals how Rajaratnam urged diaspora members to support the LTTE at a gala event in 1992. Unknown to Rajaratnam, his audience that night included an FBI informant equipped with a concealed recording device.
The informant, identified only as Rudra in the article, would eventually make thousands of hours of clandestine recordings in the course of his 11-year undercover career, and the Department of Justice has used them as the basis of 20 successful criminal prosecutions.
Rudra said his memory of what Rajaratnam said at the gala is clear, and it is supported by his former FBI handlers, who heard the recordings when they were made.
“He got up and, flanked by LTTE flags, he said, ‘Everyone must support the Tigers’ cause,’” Rudra told Vanity Fair’s David Rose.
“He mentioned the fact that his wife was an Indian Sikh (a minority group from which some had also mounted a terrorist campaign aimed at creating a separate state).
Rajaratnam said, ‘They’re terrorists. We’re terrorists. We are all freedom fighters.’ Everyone laughed. Then he said, ‘They’re our terrorists, and you all must support this struggle.’”Rajaratnam apparently had given the ‘Tamil cause’ at least $1 million in recognition of the LTTE victory in 2000 over the Sri Lankan Army at the strategic Elephant Pass.
Tax and bank records confirm the scale of Rajaratnam’s support. In the course of 2003, he gave $5.05 million to his family foundation, which in turn passed on $5 million to the TRO.
In June 2004, the court filings state, he gave another $1 million directly to the TRO.
Meanwhile, an attorney from Charleston, South Carolina, Mike Elsner has filed a claim against Rajaratnam, his father, and the TRO, on behalf of Tiger victims. Rajaratnam’s lawyers have said that his client never knowingly and directly supported terrorism.