26_vol4_epaper

Page 1

Bollywood 18

2011 Nobel Laureates 24

Books & Ideas 27

Spiritual Awareness 30

NEW YORK EDITION Vol.4 No.26 October 15-21, 2011 60 Cents Mitt Romney emerging as GOP’s ‘inevitable candidate’

Designers’ ode to free-spirited women at WIFW Fashion, Page 15

TheSouthAsianTimes.info

Rajaratnam gets longest insider sentence New York: Raj Rajaratnam, the hedge fund billionaire at the center of perhaps the biggest insider trading case, was given the longest prison term in history in such a case. The 54-year-old Sri Lankan chief of Galleon hedge fund is to serve 11 years in jail, ordered to forfeit $53million and pay a fine of $10 million. Currently out on a $100 million bail, he has to report for prison on Nov. 28. The sentence was substantially less than the Justice Department sought: a jail term of 19-24 years—especially severe to deter others from insider trading. The judge, who cited Rajaratnam's health and his charitable works in granting a lenient sentence, said the defendant is suffering from advanced diabetes and will likely need a kidney transplant. Continued on page 4...

The Ghazal King also loved horses and races

Dussehra and Durga Puja festivities conclude Festival, Page 16

Raj Rajaratnam, the Galleon hedge fund billionaire, gets 11 years in prison for insider trading

Tribute, Page 26

India, US education partnership to meet challenges ahead

Secretary of State Hillary Clinton, Indian HRD Minister Kapil Sibal and John J. DeGioia, President, Georgetown University, at the USIndia Higher Education Summit in Washington, DC on Oct 13. See story on page 4.

Rotary Hicksville-South makes its presence felt

Rotary Club of Hicksville South members, club president Dan Flynn and charter president Kamlesh Mehta pose for a group photograph with Rotary District 7250 Governor Gabor Karsai. Hicksville, NY: To create wider awareness about its community, humanitarian and intercultural activities, Rotary Club of Hicksville South will be present in

strength at the 7th Annual Diwali Mela 2011 held by AsaMai Hindu temple October 16 near the temple here. The club’s philanthropic projects com-

pleted include $67,000 for heart surgeries saving 71 young lives in Delhi under the Gift of Life program, $20,000 Continued on page 4..

Bilingual ballots must for South Asians in 4 states Washington DC: Bilingual ballots, translated voter registration forms, and interpreters must now be provided to Asian American voters in 11 states, covering 22 cities/counties, in six Asian languages, according to US Census Bureau. For the first time South Asian languages were covered in four jurisdictions. Indian in three: Queens (NY), Los Angeles and Cook country (Illinois), and ‘Bangladeshi’ in Hamtramck city in Michigan. The Census Bureau just declares the ethnic group – here being “Indian” and “Bangladeshi”. The languages will be determined by the Department of Justice, the board of elections. Based on their long term assessment of voter needs, Asian American Legal Defense and Education Fund (AALDEF) will advocate for Bengali, Punjabi, and Gujarati. "We're ecstatic that more Asian Americans will be able to exercise their right to vote -- and that the voting process will accommodate an increasingly diverse Continued on page 4...


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