facebook
twitter
search
search
X
Breaking News: Convicted Boston Marathon bomber Tsarnaev will seek a new trial

H. Clinton aided by indicted financier

Oct. 16, 2009 at 4:45 PM

NEW YORK, Oct. 16 (UPI) -- Financier Raj Rajaratnam, who was indicted in New York Friday, was a major contributor to Hillary Clinton campaigns, records show.

ABC News said according to records the hedge fund billionaire facing charges of taking part in a $20 million insider trading scheme made donations to Clinton's Senate campaign and to her unsuccessful 2008 presidential campaign.

When combined with donations to other Democratic campaigns, Rajaratnam and his wife donated a total of total of $118,000.

Documents filed with the Internal Revenue Service show he also donated more than $3.5 million to the Tamil Rehabilitation Organization. The Tamil organization has alleged ties to the Sri Lankan separatist group, Liberation Tigers of Tamil Eelam.

The 2005 and 2006 contributions to the organization by Rajaratnam, who was born in Sri Lanka, were made via a separate charity the financier founded, ABC News reported.

Adam Szubin, director of the Treasury's Office of Foreign Assets Control at the time of Rajaratnam's donations, told ABC News the organization allegedly served as a front for terrorism.

"TRO passed off its operation as charitable, when in fact it was raising money for designated terrorist group responsible for heinous acts of terrorism," Szubin said.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Kim Jong Un had terrapin farm manager executed, says source
Burt's Bees co-founder Burt Shavitz dies at 80
Encroaching sea levels endanger Pakistan's Indus Delta
North Korea requests medical aid from U.N. agencies
More than 80 percent of North Korean defectors are women, says report