Wednesday, October 21, 2009

Raj Rajaratnam, The Magnate!

I was recently visiting Sri Lanka for the first time and was quite amazed of the friendliness and kindness I met in Colombo, the capital. I remember asking a bartender at the hotel I stayed in about the Sri Lankan Cricket team, their beloved stars!
He elaborated on that point and eventually another fellow was mentioned; Raj Rajaratnam with his multi-million hedge fund, based in New York that glorified Sri Lankan’s with pride and inspiration!
However, on Friday 16th of October he was arrested at his expensive New York flat, accused of running the biggest insider trading scheme involving a hedge fund.
Believe the momentum of success may be over!

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