Saturday, 04 October 2014 - 12:55
Convicted Galleon Group Trader Raj Rajaratnam Faces Tamil Terror Finance Lawsuit
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.
But he’s also the subject of another lawsuit that’s only just beginning.
Three years ago, Rajaratnam was found guilty of securities fraud involving his Galleon Group hedge fund and sentenced to 11 years in prison.
But later this month, attorneys will begin the discovery process for another case that dates even further back.
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 alleged in 2007 that the group was a fundraising front for the Tamil Tigers.