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Rajaratnam’s trial begins in NY

9 March 2011 04:17 am - 6     - {{hitsCtrl.values.hits}}

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Sri Lanka-born billionaire and Galleon Group founder Raj Rajaratnam, the main accused in one of the largest insider trading cases in the US which also involves several Indian-origin suspects, went on trial and could face more than 20 years in prison if convicted.

The embattled billionaire has reportedly run up a legal bill of $40 million.

Jury selection will be followed by opening statements from both sides.

A packed courthouse in Manhattan began the trial on Tuesday with the US District Judge, Mr Richard Holwell, disclosing a 15-page questionnaire, prepared to determine whether the juror had any prejudices that would prevent the person from taking an impartial view of the facts to be presented in the case.

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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  • TDDC Wednesday, 09 March 2011 05:04 AM

    When you gamble and win, you should leave the betting center and do some thing else for the money you get.

    kosala Wednesday, 09 March 2011 05:22 AM

    this guy is the biggest crook of them all.. this is a warning to canada as well.. how many Rajaratnams their are hiding among them . ready destroy their financial systems or worse.

    Labby Wednesday, 09 March 2011 06:09 AM

    Whats the latest on Lalith Kothalawela ?

    SF Wednesday, 09 March 2011 06:41 AM

    will his connections to the LTTE also be investigated?

    Nalin Ratnayake Wednesday, 09 March 2011 01:40 PM

    Well said Ksala, This should be an eye-opener for not only Canada, But also other countries who offer asylum without proper investigation.

    Ranjith Wednesday, 09 March 2011 10:18 AM

    Do not investigate the connections he had b'cse public will request also to investigate the connection a Minister and allies had with LTTE


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