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Rajaratnam’s trial begins in NY

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


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.


  Comments - 6

  • 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?

    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

    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.

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