Sri Lankan-born hedge fund billionaire Raj Rajaratnam was investigated for allegedly funding Tamil Tiger rebels, but there was no evidence against him, the Central Bank of Sri Lanka said Monday. US authorities on Friday charged Rajaratnam, 52, with fraud after saying they had uncovered the biggest ever case of insider-trading by a hedge fund. He… Continue reading ‘US fund manager cleared of funding terrorism’
Author: AFP
AFP: Sri Lanka shares tumble after US fraud accusation
Sri Lankan shares tumbled in morning trade Monday after the US slapped fraud charges against a billionaire Sri Lankan-born hedge fund manager with substantial interests here. The Colombo Stock Exchange shed 3.1 percent as it opened for the first time since the US Justice Department filed insider-trading charges against Raj Rajaratnam, with investors fearing a… Continue reading AFP: Sri Lanka shares tumble after US fraud accusation
Tamil Canadians to offer seized migrants legal help
The Canadian Tamil Congress said its lawyers will represent dozens of illegal migrants arrested on a ship seized off Canada’s West Coast. Detention hearings will begin early this week for as many as 76 migrants from a freighter seized Friday by Canadian military, police and other agencies. The migrants were transported Sunday to a jail… Continue reading Tamil Canadians to offer seized migrants legal help
Girl, 9, begs for asylum as hundreds held in Indonesia
A nine-year-old girl made a heart-rending plea for asylum after a wooden refugee boat carrying hundreds of Sri Lankan refugees to Australia was detained in Indonesia, reports said here on Thursday. The little girl, named only as Brindah, choked back tears as she begged foreign governments to open their doors to some 255 ethnic Tamils… Continue reading Girl, 9, begs for asylum as hundreds held in Indonesia
Sri Lanka to hold early elections: state radio
Sri Lanka will hold early presidential and parliamentary elections, state radio announced Tuesday, as the government looks to gain from strong public support after its defeat of the Tamil Tiger rebels. The presidential poll, which was due by November 2011, will now be held before April 2010, the Sri Lanka Broadcasting Corporation said. It did… Continue reading Sri Lanka to hold early elections: state radio
Anger grows among Sri Lanka detainees: rights group
A quarter of a million Tamil civilians detained in state-run camps since the end of Sri Lanka’s ethnic conflict are in an increasingly "tense and ugly" situation, a rights group said Sunday. Deteriorating conditions, drinking water shortages and the imminent monsoon have raised tensions among the detainees and sparked clashes with military guards, said the… Continue reading Anger grows among Sri Lanka detainees: rights group
Investors reap peace dividend in Sri Lanka
Sri Lanka’s small stock exchange has become one of the world’s top performing bourses as investors reap the peace dividend from the end to the island’s bloody ethnic conflict. Investors are banking on renewed economic strength and profits in the country that emerged in May from a bloody and protracted civil war which claimed between… Continue reading Investors reap peace dividend in Sri Lanka
Tamil refugees should move freely in Sri Lanka: US
The United States on Friday called on the Sri Lankan government to allow Tamil refugees displaced by recent fighting to move freely around the country. Assistant US Secretary of State Robert Blake, who is focussed on US relations with central and southern Asia, "emphasized the importance of the government allowing freedom of movement for IDPs,"… Continue reading Tamil refugees should move freely in Sri Lanka: US
Sri Lanka delays budget ahead of elections
Sri Lanka announced Wednesday it would delay its annual budget due in November and instead seek parliamentary approval to maintain spending levels until after polls in 2010. "Because of parliamentary elections due after April 2010, the cabinet decided not to present the budget as scheduled," media minister Anura Yapa said. The six-year term of parliament… Continue reading Sri Lanka delays budget ahead of elections
Britain demands freedom for Sri Lanka war victims
Britain on Tuesday expressed disappointment with Sri Lanka’s handling of war-displaced civilians and demanded that they be given the freedom to leave state-run camps. "Freedom of movement is critical if a humanitarian crisis is to be averted," visiting British Development Minister Mike Foster said after touring the camps, where over 250,000 civilians are being detained.… Continue reading Britain demands freedom for Sri Lanka war victims
