Federal prosecutors investigated Galleon Group hedge fund founder Raj Rajaratnam on suspicions of insider trading more than a decade before he was charged with securities fraud, the Wall Street Journal reported, citing legal filings. However, the prosecutors were unable to prove their suspicions, the paper said. The investigation stemmed from suspicions that arose in the… Continue reading Prosecutors investigated Rajaratnam a decade ago: report
Author: Reuters
S.Lanka stocks at 5-week high on Keells, HNB
Sri Lankan shares .CSE rose on Thursday to a five-week high, led by conglomerate John Keells Holdings JKH.CM and private lender Hatton National Bank HNB.CM. The All-Share Price Index .CSE of the Colombo Stock Exchange rose 1.78 percent or 52.45 points to 3004.61, its fourth straight rise and highest close since Oct. 28. Prior to… Continue reading S.Lanka stocks at 5-week high on Keells, HNB
Sri Lanka lets war refugees move freely | Reuters
Sri Lanka’s government on Tuesday let thousands of refugees temporarily leave camps where they have been held since the end of a 25-year war with the Tamil Tigers, the military said. More than 9,100 people took advantage of the government’s relaxation of restrictions on freedom of movement, which had been kept in place despite widespread… Continue reading Sri Lanka lets war refugees move freely | Reuters
Sri Lankan leader gambles on Jan. 26 election
Sri Lanka will hold early presidential elections on Jan. 26, officials said on Friday, a move which may backfire against incumbent Mahinda Rajapaksa with the possible entry of a popular former army chief. Rajapaksa’s six-year term ends in November 2011 but he has used a constitutional provision allowing for polls to be called two years… Continue reading Sri Lankan leader gambles on Jan. 26 election
Government will oppose Sri Lanka hosting talks
Britain will oppose Sri Lanka hosting the next Commonwealth summit because of concerns over its conduct of the war against Tamil fighters and its treatment of refugees, a government source said on Friday. Leaders of the group of 53 nations, mainly former British colonies, meet in Trinidad and Tobago from Friday and one of the… Continue reading Government will oppose Sri Lanka hosting talks
S. Lanka opposition endorses ex-general for president
Sri Lanka’s main opposition party said on Thursday it will support former army chief Sarath Fonseka’s candidature for presidential elections, in the most serious challenge to President Mahinda Rajapaksa’s bid for re-election. Fonseka, widely credited for the army’s victory over Tamil Tiger rebels in May ending a 25-year revolt, is yet to formally announce his… Continue reading S. Lanka opposition endorses ex-general for president
Pre-poll uncertainty drags S. Lanka stx to 2-wk low
Sri Lankan shares .CSE closed 0.59 percent weaker to a two-week low on Wednesday as investors stayed on the sidelines amid political concerns following a call for an early presidential poll. The All-Share Price Index .CSE of the Colombo Stock Exchange closed 16.85 points weaker at 2858.54, its sixth straight fall and lowest since Nov.… Continue reading Pre-poll uncertainty drags S. Lanka stx to 2-wk low
Rajaratnam denies insider charges, blasts wiretaps
Galleon Group hedge fund founder Raj Rajaratnam attacked a U.S. regulator’s lawsuit on Tuesday, denying insider trading charges and saying government wiretaps violated his constitutional rights. The Sri Lankan-born billionaire is the most prominent of 20 people who face criminal or civil charges in the largest U.S. hedge fund insider trading case on record and… Continue reading Rajaratnam denies insider charges, blasts wiretaps
Sri Lanka detains asylum-seekers in high seas
Sri Lanka’s navy has detained at least 100 people trying to sail illegally to Australia, an official said on Tuesday, days after a boatload of asylum-seekers triggered a diplomatic standoff between Australia and Indonesia. The number of people trying to escape the island has increased in the months following the end of the 25-year separatist… Continue reading Sri Lanka detains asylum-seekers in high seas
Sri Lanka sets date for presidential poll
Sri Lanka President Mahinda Rajapaksa has called a presidential election for mid-January, government sources said on Monday, amid speculation the general who oversaw the end of 25 years of civil war is to challenge him. The president can call elections for a second and final six-year term when he completes his fourth year in office,… Continue reading Sri Lanka sets date for presidential poll
