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The lawsuit against Raj Rajaratnam will proceed

Sep 2, 2010 5:10:09 AM - itnnews.lk

A lawsuit accusing Wall Street hedge fund manager Raj Rajaratnam of using a charitable foundation to funnel millions of Dollars to the LTTE is to proceed.

It has been filed under the Alien Tort Claims Act. It accuses Rajaratnm and his father for  providing millions of Dollars to the Tamil Rehabilitation Organization which  directly transferred it to the LTTE which the U.S had classified as a foreign terrorist outfit in 1997 and a specially designated global terrorist organization in 2001. TRO’s assets were frozen and Americans were barred from dealing with it.