In defence of accused hedge fund billionaire Raj Rajaratnam – My coverage of Raj Rajaratnam, the Wall Street hedge fund manager accused of orchestrating a sophisticated insider trading ring with tipsters at firms such as IBM and Intel, has prompted an email from an acquaintance of the accused who says the Sri Lankan-born billionaire is not the “ogre” he is being made out to be.

Vijay Dandapani, chief executive of a budget hospitality company in Manhattan called Apple Core Hotels, writes to say that he was invited by Rajaratnam on a cricket trip a few years back and has since seen him “off and on” in New York.

“I do know Raj, though not well, and find it hard to believe that he is the ogre he is being made out to be,” says Dandapani.

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