Raj Rajaratnam case postponed

11 February 2011 02:00 pm - 11     - {{hitsCtrl.values.hits}}

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The trial of Galleon Group founder and Sri Lankan Tamil-origin billionaire Raj Rajaratnam, who is facing insider-trading charges, has been postponed by a US court till March 8. Mr Rajaratnam faces multiple charges of conspiracy and security fraud and is accused of making illegal profits to the tune of $49 million.

The jury selection was set to begin on February 28 and the court documents did not give any reason for the delay, the New York Post reported.

Of the 26 people originally charged in the case, 19 have already pleaded guilty. (The Hindu)

  Comments - 11

  • Zeham Monday, 14 February 2011 08:43 AM

    Rajarathnam may be asked from Obama to fund him for coume out of crisis :D Tamils are good in under hand business hak hak haa

    SL Saturday, 12 February 2011 05:16 AM

    I had been investing in SL stock market. He pulled his investment in 2008 and 2009. He was manipulating it to assist the LTTE.

    SL Saturday, 12 February 2011 05:17 AM

    Should we be happy for the "terrorist" Tamils?

    Poppy Friday, 11 February 2011 02:07 PM

    If I made a comment on this subject you would not publish it.
    Your system is extremely unfair

    Konde bendapu china Friday, 11 February 2011 02:08 PM

    As soon As when he convicted will spend rest of his life in behind bars

    Phil Saturday, 12 February 2011 06:22 AM

    I am sure he will be facing a fair trial.
    He is a legend not honoured in his own birth olace.

    Yehiya-Doha Friday, 11 February 2011 03:05 PM

    Mr. Raj come & invest in SriLanka. They are more suit to you.

    citizen1 Friday, 11 February 2011 03:47 PM

    Quick! Sri Lanka hurry up! get him on board like kp & karuna!!!

    R.Sivashankar Saturday, 12 February 2011 08:39 AM

    As a Srilankan, i am very much proud about Raj Rajaratnam because he has the capacity to determine US stock market.

    Robin Friday, 11 February 2011 04:42 PM

    Common DM, Be proud of this guy as he is only the second "billionaire" Sri Lankan or Sri Lankan origin after the Malaysian who is also happens to be a Sri Lankan Tamil-origin. Instead of commenting on their negative sides.

    Raymond Punchisngho Saturday, 12 February 2011 10:09 AM

    I have not heard of any evidence that he helped the LTTE. But I know for a fact that he personally helped some Sri Lankan Sinhalese in the USA, based on the fact that they were Sri Lankan.


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