Oct. 23 (Bloomberg) — Raj Rajaratnam, the founder of Galleon Group, planned to gauge interest in a $200 million Sri Lanka fund with a trip to London before he was arrested, said two people with knowledge of the matter. The Sri Lankan-born billionaire had planned to raise money for the fund by listing it on London’s Alternative Investment Market, one of the people said, asking not to be identified because the information is private. Dan Gagnier, a New York- based spokesman for Galleon, declined to comment. The hedge-fund manager, who was also planning to...
Motorists clamour for fuel as the country’s filling
stations ran dry following the breakdown of supplies as CPC workers
boycotted working over-time as part of the ongoing work-to-rule. The
CPC joint trade unions are demanding a 5,000 rupee allowance until a
salary increment is granted with arrears this year.
(Pic by Nishan S. Priyantha)
Govt. alleges global
build-up against SL ahead of elections
Responding to growing US, EU and UN criticism of victorious Sri Lankan forces over alleged war crimes in their battle against the LTTE, the government said that an attempt was now being made to undermine the Rajapaksa...
UNP-JVP alliance to block
second term for Mahinda taking shape
An unprecedented UNP-JVP alliance against President Mahinda Rajapaksa at the next presidential election is now almost certain with the two parties agreeing to combine forces to thwart the incumbent President from winning a second term with an overwhelming majority.