Sri Lankan fund manager financed LTTE terrorists

Sept 30, Colombo: Sri Lankan-born Galleon hedge fund founder Raj Rajaratnam, who was found guilty on all counts in the high-profile insider trading trial and awaiting sentencing in the United states, also financed Sri Lanka’s decades-long terrorist war, Vanity Fair magazine reported Friday in an exclusive article titled “Crouching Tiger, Hidden Raj”.

The report says the U.S. government was not only interested in Rajaratnam as Wall Street’s biggest insider trader but also as a supporter for the Sri Lanka’s terrorist group Liberation Tigers of Tamil Eelam (LTTE).

According to Vanity Fair’s reporter David Rose who has learnt Rajaratnam’s financial support to LTTE from a Tamil Tiger turned FBI informant, the billionaire has openly given chunks of money to the Tamil Tiger terrorists.

At a daylong gala event held by the Tamil Tiger supporters in November 2002 at the Doubletree Hotel in Somerset, New Jersey to mark the 25th anniversary of the Ilankai Tamil Sangam, the hedge fund manager has urged everyone to support the LTTE’s Eelam cause.

“He got up and, flanked by L.T.T.E. flags, he said, “Everyone must support the Tigers’ cause,” the Vanity Fair quoted the FBI informant known as Rudra.

“They’re our terrorists, and you all must support this struggle,” Rajaratnam has told the crowd.

Rudra’s main FBI handler has said that Rajaratnam’s alleged involvement with terrorism was a significant factor in why the FBI and the Department of Justice went to such extraordinary lengths to nail him, Vanity Fair says.

Refuting the story as “utterly false” Rajaratnam’s lawyer has reportedly noted that the story comes just before the Galleon-founder is to be sentenced for the insider trading charges.

Read the Vanity Fair story here.

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