Bollywood 16
Business 24
Humor 28
Spiritual Awareness 30
NEW YORK EDITION Vol.4 No.4
May 14-20, 2011 60 Cents
TheSouthAsianTimes.info
Bin Laden eyed new targets, big body count: Diary
Rabindranath Tagore: The Man for All Seasons
Mamata is clear winner in Bengal: Exit Polls
Goddess Lakshmi on swimwear: Oz firm sorry
Osama Aftermath, Page 10
Tribute, Page 18-19
India, Page 21
Diaspora, page 22
India conducts war game on Pak border By Prakash Bhandari/ SATimes Jaipur: More than 50,000 troops of the Indian army underwent one of the biggest and massive desert war game along the border with Pakistan, which is still smarting from the US operation that killed Osama bin Laden. The exercise’s epicenter was in Bikaner sector in north Rajasthan about 450 km from Jaipur. The sixday exercise codenamed ‘Vijayee Bhava’ (Be Victorious) used 250 tanks and 1000 artillery guns and helicopters. It was aimed to train the troops in the actual desert conditions and test
Indian Army and Air Force practiced enemy annihilation in north Rajasthan in a week-long exercise. their warfare synergy. The chief of the Indian army General V.K. Singh visited the desert area to review the training program and he was briefed by Lt
General Anil Chait, general officer commanding of 2 Corps. The Indian army, the world’s fourth largest in Continued on page 2...
LATEST ASSEMBLY ELECTION RESULTS
Mamata takes Bengal, Jaya returns, Gogoi stays put, fight on in Kerala
Rajaratnam found guilty of insider trading New York: Sri Lankan American hedge fund tycoon Raj Rajaratnam has been found guilty of making tens of millions of dollars from insider trading with tips from corporate spies, including two Indian Americans. Rajaratnam, who was convicted on all 14 counts by a federal grand jury here Wednesday, could face as much as 19and-a-half-years in prison under federal sentencing guidelines. He will be sentenced on July 29. The unanimous verdict brings to an end a nineweek trial which is part of what has been described as the largest hedge fund
Galleon Group hedge fund founder Raj Rajaratnam after the guilty verdict. insider trading case in US history. Central to the prosecution’s evidence were tapped phone calls between Rajaratnam and corporate
insiders, including two Indian Americans, Intel treasury official Rajiv Goel and former McKinsey & Co partner Continued on page 2...
Analysis
When Main Street knocked out Wall Street The usual arrogance of many Wall Streeters, the privileged bunch playing "fast ay 11, 2011 will be remembered and loose" with other people's hard earned money, took a hit in the head as the day when much like Bin Laden did on Main Street knocked the criminal arrogance out of Law Day, May 1, 2011. Today is a new dawn for Wall Street Wall Street, thanks to USA Bharara and his elite navyFools. What struck me from Day 1 seal-like prosecutors. of this case was the continued Preet Bharara, like Thomas More of centuries past, is a arrogance by Rajaratnam. Once man for all seasons. He has his lawyers lost their motion to convicted a corrupt political suppress the wiretaps, as they should have, Raj Rajaratnam donor, the would-be Times was "toast." He should have Square Bomber, the African who aided in bombing of our Preet Bharara, US been advised to cut the best posEmbassies in Africa, and now attorney for Manhattan, sible deal with the prosecutors, Bharara has won a grand slam whose prosecutors for his 5th Amendment right, 14 out of 14 "Guilty" verdicts in brought case against usually a bedrock defense right, Rajaratnam the Raj Rajaratnam case. Continued on page 2...
By Ravi Batra
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