Raj Rajaratnam is the founder of Galleon Group, a New York based hedge fund management firm. He is the richest Sri Lankan born person in the world. He has contributed generously to charitable organizations and political action groups. Some of his contributions have been controversial. On October 16, 2009 he was arrested by the FBI on allegation of insider trading. Due to his arrest and subsequent release on bail, he has indicated that he will wind down his holdings in the Galleon fund by January 2010. His attorney indicated that Mr. Rajaratnam will fight the charges of insider trading in court.
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