Prosecutors investigated Rajaratnam a decade ago: report

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

Published
Categorised as News

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

Published
Categorised as Related

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

Published
Categorised as News

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

Published
Categorised as News

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

Published
Categorised as News

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

Published
Categorised as News

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