Word: millioned
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...September, the Foreign Ministry also raised objections when Rajaratnam's name again cropped up, this time as a potential donor for a $23 million project aimed at rehabilitating former Tiger combatants. Rajaratnam had agreed to donate $1 million for the government project, funded by the governments of Japan and the U.S. and local business giants like Aitken Spence, Brandix, Ceylon Tobacco, Dilmah, Hayleys, John Keells, MAS Holdings and Unilever. "We initiated the program and the formal agreements were signed in September," Sarath Godakanda, an official at the Ministry of Justice and Law Reforms, told TIME. It was not clear whether...
...Foreign Ministry had raised objections owing to Rajaratnam's suspected links with the Tigers and the Tamil Rehabilitation Organisation (TRO), another group that has been accused of being a front for the Tigers. Rajaratnam is believed to have donated over $2 million to the TRO, which has been banned in the U.S. and Sri Lanka since 2007. The organization has always denied that it is a front for the Tigers, arguing that it was engaged in charitable and humanitarian work in Tamil-majority areas in northern and eastern Sri Lanka during the civil-war years. The ministry had also shared...
...that there were other motivations for my trimming a small amount of my overall investments. I tune out these noises and stay focused," he told the LMD, a premier local business magazine. Jafferjee could not confirm estimates that the arrested billionaire may still have investments as high as $100 million in the Sri Lankan market...
...China's cultural ministries saw Frankfurt as a way to boost the country's clout overseas. The General Administration of Press and Publication sponsored the translation of more than 100 Chinese books into German and English to be sold at the fair, part of China's $7.5 million investment in the event. The writers who were approved for the official program in Frankfurt included Yu Hua, an author of earthy, sometimes profane novels of human struggle including To Live and Brothers. While Yu's sex- and drug-laden writing could have been banned as late as the 1980s...
...Anglican leaders, the Vatican announcement is the latest minefield to manage in their ongoing effort to avoid a full-fledged schism within their 80-million-strong church, which includes 2.2 million American Episcopalians. Archbishop of Canterbury Rowan Williams is juggling the gripes of Anglicans of all philosophical stripes and ecclesiastical sensibilities, most notably as battles over women and gay clergy have undermined that prized "communion" within Anglicanism for more than two decades. (See the styles of Pope Benedict...