Colombo:
Raj Rajaratnam, the New York-based billionaire and hedge fund manager charged in an alleged insider trading scheme on Friday, was funding the LTTE, the Sri Lankan government claimed on Sunday.
Rajaratnam, one of the world's richest men, was among six hedge fund managers and corporate executives arrested in what is being called the biggest ever fraud of its kind.
A portfolio manager for Galleon Group, a hedge fund managing up to seven billion US dollars in assets, Rajaratnam is accused of conspiring with others for insider information to trade securities in several publicly traded companies - including Google Inc.
The Securities and Exchange Commission, which brought separate civil charges, said the scheme generated more than 25 million US dollars in illegal profits.
A statement from Galleon Group LLP said it was shocked to learn of Rajaratnam's arrest at his apartment.
Rajaratnam, one of the world's richest men, was among six hedge fund managers and corporate executives arrested in what is being called the biggest ever fraud of its kind.
A portfolio manager for Galleon Group, a hedge fund managing up to seven billion US dollars in assets, Rajaratnam is accused of conspiring with others for insider information to trade securities in several publicly traded companies - including Google Inc.
The Securities and Exchange Commission, which brought separate civil charges, said the scheme generated more than 25 million US dollars in illegal profits.
A statement from Galleon Group LLP said it was shocked to learn of Rajaratnam's arrest at his apartment.
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