News
Raj Rajaratnam hits out at an unfair conviction in a ‘tell all’ book
Billionaire financier, Raj Rajaratnam, American of Sri Lankan descent who founded the Galleon Fund, now out of jail after serving seven and a half years of an 11-year sentence, has written what Amazon calls “a hot new release on criminal law……… illustrating prosecutorial overreach.”
The book is titled “Uneven Justice” with a subtitle “The Sinking of Galleon.” The hedge fund managed USD seven billion and employed 180 people in its heyday.
The writer who was arrested in October 2009 and charged with insider trading, says he chose to fight the charges against him “because I was innocent” and understanding the stakes chose to go trial because he expected a fair hearing.
He says he believed that that with a fair hearing and a rational exposition of the facts, “the truth would have prevailed.” He took the chance despite his understanding that in the US there is a 97% conviction rate, similar to Russia and China, and a punitive trial penalty for those who dare to go to trial.
“Empirical studies have shown that the trial penalty is just about double that handed to those who plead guilty. If a defendant agrees to become a cooperating witness, helping the government with testimony –irrespective of the truth – to convict another defendant, the co-operating witnesses gets a much reduced-sentence and in many cases just parole,” he says in the preface of his book.
Its sales proceeds will be donated to charity.
The Amazon blurb says that Rajaratnam chose to go to trial rather than concede to a false narrative concocted by ambitious prosecutors looking for a scapegoat for the 2008 financial crisis.
“As an immigrant who had achieved tremendous success in his adopted country, he trusted the system. He had not anticipated prosecutorial overreach – inspired by political ambition – FBI fabrications, judicial compliance and lies told under oath by cooperating witnesses,” the blurb says.
“Meanwhile not a single bank executive responsible for the financial crisis was ever charged.”
(See Rajaratnam’s preface to the book on p-12)
News
Interpol crackdown: Sri Lankan man among seven arrested in UK for human smuggling
Suspect also wanted for child abuse: Extradition process underway
Among seven persons arrested in the United Kingdom for people smuggling is a Sri Lankan wanted by French authorities for the rape of a child.
UK’s National Crime Agency said that it collaborated with police and international partners in INTERPOL’s largest-ever operation targeting people smuggling and human trafficking.
Operation Liberterra III was led by the NCA’s Joint International Crime Centre (JICC) and targeted offenders wanted for a range of crimes who had entered the UK illegally.
Officers from the National Extradition Unit at the JICC made five arrests across London, Bedfordshire, Merseyside and Greater Manchester.
Those arrested included:
A 30-year-old Sri Lankan man arrested in Liverpool and wanted in France for the rape of a child
A 38-year-old Iraqi man wanted for rape in Germany arrested in Greater Manchester
A 29-year-old Egyptian man wanted for murder in France arrested in Bedfordshire
A 41-year-old Syrian man arrested in Greater Manchester and wanted in Germany for organising illegal small boat crossings
A 30-year-old Bulgarian man arrested in London for human trafficking and wanted in France
Greater Manchester Police teams also made two arrests across the county during the operation which was held between 10 and 21 November last year.
A 23-year-old Ukrainian man wanted in Germany for sexual exploitation
A 31-year-old Romanian man wanted in Romania for sexual exploitation
Extradition proceedings are underway for all seven suspects.
The NCA website quoted its Deputy Director of International Rick Jones as having said: “This global operation is a prime example of our commitment to working closely and effectively with international partners to tackle people smuggling and human trafficking.
“We were proud to host the European Co-ordination Unit and used a range of our specialist capabilities to gather and disseminate intelligence to law enforcement agencies across the world, and to enable our officers to identify, locate and detain offenders wanted overseas.
“As a result, seven suspects wanted in connection to serious offences have been removed from our communities and extradition proceedings are ongoing to ensure they face justice.”
Globally, 3,744 suspects were arrested including 1,800 for human trafficking and migrant smuggling offences.
News
Sri Lanka calls on global consular corps to protect nationals amid fishermen incident
Addressing a gathering of the world’s consular community, Foreign Minister Vijitha Herath issued a pointed, diplomatic request yesterday for the enhanced protection of Sri Lankan citizens abroad, a message delivered against the backdrop of a recent alleged assault on Sri Lankan fishermen by the Indian Coast Guard.
The occasion was the inauguration of the FICAC 2026 South Asia Regional Conference, hosted by The Association of Consuls in Sri Lanka together with the World Federation of Consuls (FICAC) at Cinnamon Life.
Minister Herath, while outlining Sri Lanka’s foreign policy of “non-alignment, strategic autonomy, and constructive engagement,” directly tasked the honorary consul community with a critical role. “I request the honorary consul community to maintain a continued and enhanced focus on safeguarding the rights and welfare of Sri Lankan nationals in respective jurisdictions,” he stated.
The appeal carries significant weight following recent media reports which detailed claims by a group of fishermen from Wennappuwa that they were assaulted by uniformed Indian Coastal Guards. The incident, alleged to have occurred partly in Sri Lankan territorial waters, resulted in hospitalisations and has been referred to the Foreign Affairs Ministry and Navy for investigation. Minister Herath’s carefully calibrated statement before the international audience underscored the government’s proactive but diplomatic approach to citizen welfare overseas.
Prime Minister Harini Amarasuriya, who also addressed the inaugural session, framed Sri Lanka as a nation on a resurgent path. She thanked FICAC for selecting Sri Lanka, noting the choice reinforces the country’s returning credibility under President AKD’s administration.
“Fiscal management is in good control with contained inflation and increased reserve levels and global confidence is returning as the country is moving towards stability, expanded economic activity and inclusive growth,” the Prime Minister stated. She also acknowledged the severe challenge posed by climate change, citing Cyclone Ditwah, and thanked the international community for its support during the disaster, which helped quickly revive the tourism sector.
Both leaders positioned the consular network as indispensable partners in Sri Lanka’s recovery and global re-engagement. Minister Herath emphasised their role in bridging “governments, businesses and communities,” while the Prime Minister stated such forums help reconsolidate the support of global actors.”
The three-day FICAC conference brings together consular officials from across South Asia, focusing on their unique role in facilitating diplomacy, trade, and legal cooperation outside traditional embassy channels.
By Sanath Nanayakkare
News
Korean boost for Thriposha programme: Partnership worth USD 10 mn
The Korea International Cooperation Agency (KOICA) has reached agreement with Sri Lanka to strengthen the country’s Thriposha nutrition programme through climate-resilient, locally sourced food systems.
According to the Korean Embassy here the agreement formalised a USD 10 million partnership that would enhance domestic production of high-quality maize, reduce reliance on imports, and reinforce the sustainability of Sri Lanka’s flagship nutrition intervention for children and mothers. The agreement in this regard reflected the shared commitment of the Republic of Korea and Sri Lanka to advancing inclusive, resilient, and sustainable development outcomes, the Embassy stated.
The agreement was signed in the presence of the Ambassador of the Republic of Korea to Sri Lanka Ms. Miyon Lee, the Minister of Rural Development, Social Security and Community Empowerment Dr. Upali Pannilage, Country Representative, World Food Programme (WFP) Philip Ward, and senior representatives from the Ministry of Agriculture, Ministry of Health, Ministry of Trade, Sri Lanka Thriposha Limited, demonstrating the commitment by all relevant stakeholders of this unique project.
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