Claiming he is innocent of all accusations brought against him, the Sri Lankan born billionaire Raj Rajaratnam, founder of the Galleon Group, a New York based hedge fund, in a letter to clients, employees and friends has assured investors of the liquidity of the funds of the group.
Rajaratnam was arrested by the Federal Bureau of Investigations (FBI) in the USA on the 16th of October for insider trading.
In his letter, Rajaratnam stated that he encouraged and invited investors of the group to attend daily research morning meetings. He also noted that this research process was the core of the investment and trading strategy of the organization.
He has further reiterated that he was innocent of all chargers and would defend himself against the accusations with the same intensity and focus that he had brought to managing investor capital.
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