Asian Scam by Rajarathnam

Billionaire titan Rajarathnam is born in Srilanka but brought up in US, he is a The silence speaks volumes about Sri Lanka's scarred modern history, and its persistent entanglement in suspicion brewed by the 25-year war with the separatist Liberation Tigers of Tamil Eelam (LTTE), which Sri Lanka won in May. "I really can't speak about him," said one former associate, echoing the comments of many people Reuters spoke with. In addition to the U.S. probe of Galleon, Sri Lankan officials are investigating Rajaratnam's finances after he made substantial donations in 2005 to a Tamil organisation that was subsequently banned for its links to the LTTE. Even in post-war Sri Lanka, suspicion can lead to arrest, and the government has the authority to seize money it links to the LTTE, making those who know the man deeply cautious of any comment. Another simpler factor may be at work, according to a letter his lawyers sent to a New York court seeking reduced bail terms and vowing that Rajaratnam would defend himself vigorously in the country he considers home. "Mr. Rajaratnam is a 52-year-old citizen of the United States who, although born in Sri Lanka, has lived in the United States for nearly 30 years," the letter said. As extraordinary as his success in building the Galleon Group hedge fund into a $7 billion behemoth at its peak, Rajaratnam's story is typical of hundreds of thousands of minority Tamils who almost entirely severed ties to Sri Lanka as it slid into ethnic conflict.By the time full-blown civil war erupted in 1983, many Tamils with the means to do so like Rajarathnam's family had already left for Europe, North America and Australia for school and work. Many sold their property and have never returned, instead forming a close-knit diaspora community. The son of the chairman of the Sri Lankan arm of the Singer sewing machine company, Rajarathnam was born and raised into the privileged life of Colombo's post-independence elite. He grew up in Cinnamon Gardens, an enclave of Colombo dominated by grand, whitewashed colonial homes flanked by palm trees, and attended the prestigious St. Thomas Preparatory School in Colombo that has minted many of Sri Lanka's business and political leaders. Rajarathnam left for England sometime in the mid-1970s, where he finished secondary school and graduated with an engineering degree from the University of Sussex in 1980. By 1983, he earned an MBA from the University of Pennsylvania's Wharton School.He expressed shock that Rajaratnam, who has two brothers and two sisters who are all American citizens, had been arrested. "There is a difference in insider trading in Sri Lanka and the U.S. In Sri Lanka, that is the norm. But his family wouldn't stoop to these things," the friend said. Sri Lanka's stock market has enjoyed a powerful surge since the end of the conflict in May, with the CSE All-Share index having doubled so far in 2009.
Although Sri Lanka has strict laws against insider trading, lawyers and brokers say enforcement is weak and the relatively small number of players in the market means there is a coziness in the financial community that is almost unavoidable. Rajaratnam has not been accused of any wrongdoing in Sri Lanka's capital markets. He rarely returns to Sri Lanka -- friends say he was last on the island in 2005, and stayed at the Union Hilton residential hotel when he came since he owns no property under his name. He was in the country to supervise the millions in charitable contributions he had given to rebuilding areas of the country after the devastating Dec. 26, 2004, tsunami, and to look at potential investments, friends say.
But every one believe LTTE is a terrorist group but in the past they were like the terrorist but after the truth full election they were formed as a Army , but now they were scatter all over the world but Srilanka government hunting the people even some innocent people, not for peace but for the cold blood murder, because of that, srilanka governmenttry to access the Rajarathnam case to occur all the remaining profit of galleon