Raj (King) Rajaratnam sued by victims of LTTE Tamil terror
Founder of the Galleon Group, Raj Rajaratnam, is in more hot water. The world's 551st richest person is now facing a civil suit, in New Jersey, for funding the terrorist group Liberation Tiger of Tamil Eelam. More than 30 victims and survivors of Tamil Tiger terror, in Sri Lanka, are said to be behind the suit. Rajaratnam's father has also been accused of funding Tamil Tiger attacks in Sri Lanka.
Now that the LTTE is down, all it's supporters are going down one by one. KP is still squealing about the donors towards the LTTE cause, of course most of them anticipating returns after Eelam was established. These name will come out at the appropriate time, of course after they are arrested.
Attorneys for the victims of the attacks filed the 91-page civil complaint in the U.S. Court for the District of New Jersey Thursday. It asserts that Raj Rajaratnam, a Sri Lankan native, funneled massive amounts of money into the pockets of the Tamil Tigers, also known as the Liberation Tigers of Tamil Eelam (LTTE).
According to the complaint, and as first reported by ABC News.com last week, Rajaratnam personally gave $3.5 million in contributions to the Tamil Rehabilitation Organization (TRO), whose assets were later frozen by the U.S. Treasury Department in Nov. 2007 because of its alleged ties to the Tamil Tigers and the LTTE.
The seven-count complaint alleges that Raj's charitable donations also came from profits generated at the Galleon Group, the New York-based hedge fund he founded in 1997.
This is said to be the first of many law suits this terrorist supporter will face in the future. TRO of course was banned in the USA. However, the TRO, through their front organizations made donations to Obama and Clinton for their Presidential and Primary campaigns. Wonder what Rajaratnam's personal contribution was?
Rajaratnam was among six people charged on Oct. 16 in a $20 million insider trading scheme that federal prosecutors called the biggest ever involving hedge funds. He was freed by a magistrate judge on a $100 million bond, of which $20 million had to be guaranteed. He and his lawyer today filed a document offering his apartment at 60 Sutton Place South in Manhattan as the guarantee.
Two LTTE whales, KP and Rajaratnam are down. More big fish are already in the net. News will follow at regular intervals. Hats off to those who were brave enough to file a lawsuit against this billionaire terrorist.