There are more fun times ahead for Raj Rajaratnam. Forget about proving claims of insider trading are baseless. A New Jersey lawsuit wants RR to answer for the blood allegedly on his hands. Evidently Raj and his family's foundation transferred millions to the Tamil Rehabilitation Organization over the years. Which is a bit of a problem considering the Treasury designated the organization as a front for the Tamil Tigers and the US, EU, and India tend to file things related to the TTs under the header 'terrorist organizations'. There is little doubt the Tamil Tigers have done some pretty horrific things over time and somebody should pay. And now, thanks to the world learning about $20 million in illicit gains, that person may be Raj.
A group of victims of terror attacks by Sri Lanka's Tamil Tigers rebels filed suit against Raj Rajaratnam, the hedge-fund founder charged in an insider-trading case, accusing him of funding the Tigers' "crimes against humanity."
The suit was filed Thursday in U.S. District Court in New Jersey by 30 people who say they are survivors of attacks carried out by the Liberation Tigers of Tamil Eelam during decades of civil war against the Sri Lankan government.
Michael Elsner, attorney for those bringing the lawsuit, said in a statement: "The defendants, we allege, have the plaintiffs' blood on their hands because those who paid for murder are just as culpable as those who committed the acts."