Raj Rajaratnam simultaneously funds Sri Lanka terror group and US Democratic Party

The FBI arrested and indicted Sri Lanka born U.S. hedge fund magnate Raj Rajaratnam, according to the details disclosed by the ABC news network, has given more than US $3.5 million to the Tamil Rehabilitation Organization (TRO) whose assets were frozen by the U.S. Treasury Department in November 2007 because of its alleged ties to Sri Lanka’s Tamil Tigers.

Rajaratnam is the single largest known U.S. contributor to a charity linked to the Tamil Tiger terror group in Sri Lanka, according to the ABCNews.com.

ABC also notes that the TRO fund coordinator Ranjithan's home was raided by the FBI in 2006 because of his ties to TRO.

Raj Rajaratnam is also known as a big donor to the Democratic Party and to Obama campaign last year.

It turns out arrested hedge fund manager Raj Rajaratnam -- charged in a $20 million insider trading case -- has given big to the party in power.

One of the criminal complaints accuses Rajaratnam, 52, considered the richest Sri Lankan in the world, of conspiring with Intel Capital treasury department managing director Rajiv Goel and Anil Kumar, a director of McKinsey & Co. The alleged offenses took place over three years starting in January 2006.

Early on Friday evening, a U.S. magistrate judge in New York said Rajaratnam may be released on a $100 million personal recognizance bond secured by $20 million in cash and property.

In a brief appearance, Rajaratnam sat in court with his arms folded. The judge restricted his travel to a radius of 110 miles from Manhattan and Rajaratnam, a citizen of both Sri Lanka and the United States, surrendered travel documents.

A prosecutor argued that Rajaratnam was a flight risk, but his lawyer Jim Walden said: "A court's going to learn there's a lot more to this case. There is no way that this man is going to flee."

In the meantime given below Raj Rajaratnam;s largest cumulative contributions this decade, according to data from the web site OpenSecrets:

$26,700 to the Democratic Senatorial Campaign Committee

$26,200 to the Democratic National Committee Services Corp.

$11,100 to Hillary Clinton

$10,000 to the New Jersey Democratic State Committee

$4,600 to Barack Obama

$2,000 to Charles Schumer, the New York Democratic Senator

Anyway, who is Raj Rajaratnam:

US citizen residing in New York. Born in Sri Lanka, 1957.

Undergraduate degree: University of Sussex (Britain).

MBA: Wharton School at the University of Pennsylvania.

Hedge-fund trader who started his career at Needham & Co., becoming its president in 1991. Founded Galleon Group in 1997.

Net worth: $1.3 billion. (World’s 559th wealthiest person, according to Forbes.)

Background: One of the most successful businessmen among a Diaspora of Tamils who left Sri Lanka to prosper overseas. After the 2004 tsunami hit Sri Lanka, he set up a local charity and urged others to contribute to rebuilding. This year he pledged gave $1 million for the reintegration in society of Tamil fighters, whose military movement was defeated in May.

Politics: Contributed to a number of Democratic campaigns, including $30,800 to Barack Obama and $4,600 to Hillary Clinton in the last presidential election.

Asian Tribune