Only provided professional services to
Rajaratnam: CB Governor
2016-07-05
Newly appointed Central Bank Governor Indrajit Coomaraswamy said today he was delivering certain ‘professional services’ as an economist to the Sri Lankan-born jailed hedge-fund manager Raj Rajaratnam.
“My job was to provide him with research reports,” Dr. Coomaraswamy said addressing his first news briefing as the Central Bank Governor.
Criticism has already been levelled at him by joint opposition parliamentarians about his connection to the Galleon Fund of the disgraced Mr. Rajaratnam, who was sentenced to11 years after he was found guilty of a securities fraud in the US.
Dr. Coomaraswamy said he got to know Mr. Rajaratnam as a friend from his university days.
“I set a framework when I was in London to provide him with macroeconomic research. He knew my background and he wanted me to help. This happened for about 10 to 11 months and then he was charged. So it took about a year after that for me to legally wind up the operations,” he said.
“I knew him as a friend…he helped Sri Lanka and he had done a lot of positive things…lot of charity work. That was the Raj Rajaratnam I knew.”
Rajaratnam: CB Governor
2016-07-05Newly appointed Central Bank Governor Indrajit Coomaraswamy said today he was delivering certain ‘professional services’ as an economist to the Sri Lankan-born jailed hedge-fund manager Raj Rajaratnam. “My job was to provide him with research reports,” Dr. Coomaraswamy said addressing his first news briefing as the Central Bank Governor.
Criticism has already been levelled at him by joint opposition parliamentarians about his connection to the Galleon Fund of the disgraced Mr. Rajaratnam, who was sentenced to11 years after he was found guilty of a securities fraud in the US.
Dr. Coomaraswamy said he got to know Mr. Rajaratnam as a friend from his university days.
“I set a framework when I was in London to provide him with macroeconomic research. He knew my background and he wanted me to help. This happened for about 10 to 11 months and then he was charged. So it took about a year after that for me to legally wind up the operations,” he said.
“I knew him as a friend…he helped Sri Lanka and he had done a lot of positive things…lot of charity work. That was the Raj Rajaratnam I knew.”
