The Janatha Vimukthi Peramuna (JVP) has threatened to take legal action against the sluggish pace at which investigations into corruption allegations are conducted.

JVP Provincial Councillor and Convener of the Voice Against Corruption, Wasantha Samarasinghe said that such action was being mulled over by their lawyers in view of expediting the cases filed in the hope of fair investigations.

The former Parliamentarian also said that the JVP would present information regarding acts of nepotism on the part of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe.

In addition, information on rackets at LTL Holdings Private (Pvt) Ltd, a loss of Rs 4,000 million to the State due to a recent Treasury bonds issue to the tune of Rs 80 billion by the Central Bank of Sri Lanka, would also be presented in Parliament soon.

“Who is the primary dealer or are the primary dealers with regards to this latest bonds issue,” he queried. “From the primary dealer or dealers, the monies are at a discounted rate sent to the Employees Provident Fund and these are used in racketeering.”

He also called on the Government to probe the names of Sri Lankans in the Panama Papers leak, including former Advisor to the Ministry of Megapolis and Western Development, Vidya Amarapala, who is the Chairman of LTL Holdings (Pvt) Ltd.

“There is a conspiracy involving retirees of the Ceylon Electricity Board (CEB) being appointed to the Director Board of LTL Holdings (Pvt) Ltd and them having now shared Rs 900 million of profits among themselves,” he charged.