Sri Lanka claims billionaire trader funded terrorists

Raj Rajaratnam, the New York-based billionaire and hedge fund manager charged in an alleged insider trading scheme on Friday, was funding the Liberation Tigers of Tamil Eelam, which is considered a terrorist group by the US, the Sri Lankan government claimed on Sunday. Brigadier Udaya Nanayakkara, spokesman for the Sri Lankan defence ministry, told the Financial Times that the government had been monitoring Mr Rajaratnam for several years.

Share

United may face FIFA probe over Fornasier

Manchester United’s signing of teenage defender Michele Fornasier could be investigated after the player’s former club Fiorentina contacted football’s world governing body FIFA about the move. The Italian club are contemplating a formal complaint to FIFA following the departure of the 16-year-old player to the English Premier League outfit in July, though United remain confident of their legal position.

Share

A Health Care Reality Check Slows Congress

Whether or not health care reform actually passes in the end, this may be remembered as the week that the reality of the challenge such a massive overhaul poses finally dawned on lawmakers. And that reality is this: It’s all about the dollars. Coming up with a bill that doesn’t add to the deficit is turning out to be even harder than members of Congress thought it would be

Share