Raj Rajaratnam, the New York-based billionaire and hedge fund manager charged in an alleged insider trading scheme on Friday, was funding the Liberation Tigers of Tamil Eelam, which is considered a terrorist group by the US, the Sri Lankan government claimed yesterday.
Brigadier Udaya Nanayakkara, spokesman for the Sri Lankan defence ministry, told the Financial Times that the government had been monitoring Mr Rajaratnam for several years.
“[Sri Lanka-born] Raj Rajaratnam was involved in several schemes funding the LTTE. [He] wasn't under formal investigation because he was operating from the US . . . but he was still funding the LTTE frontline organisation.”
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