Rajaratnam begins serving 11-year prison term

- srilankamirror.com

(Srilankamirror) - Convicted Sri Lankan-born hedge fund founder Raj Rajaratnam has arrived at a US federal prison to begin serving the longest-ever sentence for insider trading.

Rajaratnam, who was sentenced to 11 years in jail, reported to a facility in Massachusetts, BBC Sandeshaya reports.

He was fined 92.8 million dollars, also a record, and his case has led to more than two dozen related convictions.

The Galleon Group founder lost his bid to be freed during the appeals process, as he was considered a flight risk.

You may also like

- adaderana.lk

A few showers will occur in Northern and Eastern provinces and showers or thundershowers can be expected in parts of Sabaragamuwa province and in Galle and Matara districts in the afternoon or at night, the Department of Meteorology says.

- island.lk

By Shamindra Ferdinando Former Foreign Minister Prof. G. L. Peiris has questioned the rationale behind President Ranil Wickremesinghe’s warning that the military will be deployed to curb protest vis-a-vis a Foreign Ministry undertaking to boost foreign trade and investment. Addressing the Parliament, during the Budget committee stage debate, on 28 Nov., Prof. Peiris said the […]

- island.lk

By MAHINDA PANAPITIYA Irrigation Engineer who has worked for Mahaweli Project since 80s As originally planned, the present phase of the Mahaweli Project should be focused on social and economic development of the families settled in Mahaweli areas. It could be done by promoting food production in a sustainable way, to gain the return on […]

- island.lk

Under 19 Division I Tier ‘B’ Semi-Final by Reemus Fernando A vital knock of 96 runs by Rusanda Gamage and a six-wicket haul by Lashmika Perera powered St. Peter’s to convincing 105 runs victory over Mahinda in the Under 19 Division I Tier ‘B’ semi-final played at Thurstan College ground on Tuesday. Chasing a target […]

- island.lk

Wednesday 30th November, 2022 The Nazis of Sri Lanka (read the members of the current SLPP-UNP government, whose leader, President Ranil Wickremesinghe, has called himself Hitler recently in Parliament) have gone into overdrive to suppress democratic dissent. They invaded an auditorium at Hanguranketha, on Sunday, in a bid to sabotage a conference held by a […]

- island.lk

By Shamindra Ferdinando Having comfortably won the vote on the Second Reading of 2023 Budget, two days earlier, President Ranil Wickremesinghe, on November 24, dealt with a spate of issues, including the responsibilities of the armed forces and the police, obviously indicating how a second Aragalaya, aimed at ousting his government from power, by way of violent protests, as was […]

Entertainment:View All

Technology:View All

Local News

Local News

Sri Lanka News

@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc