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Pandora Papers: Govt. under pressure to probe Nirupama Rajapaksa, husband

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TISL asks for domestic investigation into secret offshore accounts

Transparency International Sri Lanka (TISL) has called for a thorough government inquiry into one-time Deputy Minister Nirupama Rajapaksa and her husband Thirukumar Nadesan named in the Pandora Papers as having offshore accounts.

TISL Executive Director Attorney-at-Law Nadishani Perera told The Island that her outfit had issued an initial statement on the matter.

Nirupama, a member of the ruling family, served the SLFP-led UPFA governments during the presidencies of Chandrika Bandaranaike Kumaratunga and Mahinda Rajapaksa. She represented the Hambantota District.

The Pandora Papers investigation has exposed the secret offshore accounts of about 35 world leaders, including current and former presidents, prime ministers and heads of state. They also shed light on the secret transactions of more than 300 other public officials such as government ministers, judges, mayors and senior military officers in more than 90 countries.

More than 11.9 million financial documents were leaked to the International Consortium of Investigative Journalists (ICIJ) in Washington. The outfit has shared access to the leaked data with select media partners including the London Guardian, BBC Panorama, Le Monde and the Washington Post. More than 600 journalists have sifted through the files as part of a massive global investigation.

The Pandora papers represent the latest – and largest in terms of data volume – in a series of major leaks of financial data that have convulsed the offshore world since 2013.

The following is the text of the TISL statement: “Once again, the secret dealings of world leaders as well as public officials have been laid bare before the world through the Pandora Papers. The expose also provides clear evidence of how the offshore industry promotes corruption and emphasizes the importance of maintaining open beneficial ownership registers, including in Sri Lanka.

The Papers refer to extensive assets held offshore by former Deputy Minister of Water Supply and Drainage Nirupama Rajapaksa and her husband Thirukumar Nadesan.

Transparency International Sri Lanka calls on Sri Lankan authorities to ensure that independent investigations are carried out expeditiously into the revelations made by the Pandora Papers. This would entail allowing law enforcement authorities and the judiciary to pursue and complete the existing pending investigations pertaining to the implicated persons without interference.

TISL reiterates that it is imperative for Sri Lanka to domestically carry out a comprehensive investigation to determine if any of the wealth identified in the Pandora Papers emanates from the abuse of Sri Lanka’s public resources.”

Asked whether the TISL would lodge a complaint with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), lawyer Perera said that it was too early to provide a definite response. “But, we are looking at all possibilities,” she said.

Responding to another query, lawyer Perera acknowledged that the Parliament as the custodian of public finance should be concerned about the latest revelations. The top TISL spokesperson underscored the importance of the Parliament looking into the matter and taking appropriate steps to have a no holds barred investigation into Pandora Papers.

Our attempts to contact Dr. Harsha de Silva to obtain the main Opposition Samagi Jana Balavegaya (SJB) for its reaction failed. (SF)



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Sri Lanka, India caught in US-Iran ship crisis

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By Shamindra Ferdinando

Iran has sought the Indian intervention, at the highest level, to provide lifesaving support to the crews of empty Iranian vessels stranded just outside Sri Lanka’s 12-nautical mile territorial waters off Galle.

Sources familiar with the issue said that Iran had brought the developing situation to the attention of New Delhi as the crews of almost 20 vessels, included Indian nationals. Sources stressed that the group of vessels that unloaded crude oil a couple of months back were now stranded within Sri Lanka’s Exclusive Economic Zone (EEZ).

The US Navy torpedoed an unarmed Iran frigate, returning from India, on 04 March, 2026, about 19 nautical miles off the Galle coast. The unprovoked attack killed nearly 100 Iranians.

The Iranian Embassy in Colombo has inquired from the Indian High Commission of their response to the situation, sources said. The US has issued a global warning against providing food, water, medicine and other services to the Iranian vessels. The outcome of Iran-India talks on the issue at hand was not known, though sources asserted India may not throw its weight behind Iranian efforts to address the issue.

Responding to The Island queries, sources said both Sri Lanka and India were in a dilemma due to the US warning. India couldn’t ignore the plight of the Indian crew members and the Iranian vessels in its backyard.

The Sri Lankan government remains tight-lipped about the vessels stranded in its EEZ. Our efforts to elicit a response from relevant authorities were in vain. In addition to Indians, there are Bangladeshis among the crew members. Iran has explicitly stated the responsibilities of the countries concerned to provide assistance in terms of international law.

The Iranian position was articulated by its Ambassador to Sri Lanka, Dr.Alireza Delkhosh, recently. In a special statement, Ambassador Delkhosh emphasised that in terms of the Convention on the Law of the Sea (Article 98) as well as SOLAS and SAR

Conventions, Sri Lanka couldn’t refrain from providing the needs of the Iranian vessels stranded in its EEZ.

SLMC leader Rauff Hakeem lambasted the NPP government in Parliament for failing to provide assistance to the Iranian ships. The former Minister alleged that the government was simply carrying out dictates of the US. He strongly criticised the way Foreign Minister Vijitha Herath was handling the issue.

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Namal further remanded

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MP Namal Rajapaksa being brought to the Colombo Magistrate’s Court yesterday. Pic by Nishan S Priyantha

MP Namal Rajapaksa, who is in remand custody over the controversial Airbus deal, was further remanded until October 27 by the Colombo Magistrate’s Court yesterday (13).

Colombo Chief Magistrate Asanga S. Bodaragama made the order after considering submissions by officers of the Commission to Investigate Allegations of Bribery or Corruption and lawyers representing Rajapaksa.

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IMF projects Lankan economic growth to moderate amidst mounting global uncertainties

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Sri Lanka’s economy is expected to sustain its recovery over the next two years, although growth is projected to moderate amid mounting global uncertainties, according to the International Monetary Fund’s (IMF) latest World Economic Outlook.

In its World Economic Outlook 2026: Resilience Under Strain, Urgent Choices, the IMF projects Sri Lanka’s economy to expand by 4% in 2026, slowing to 3.7% in 2027, following estimated growth of 5% in 2025.

Inflation, meanwhile, is forecast to rise to 5.3% in 2026 and 5.4% in 2027, reversing the average deflation rate of 0.5% recorded in 2025.

Unemployment is expected to remain steady at 3.9% throughout the forecast period.

The projections come amid growing pressure on the global economy from the ongoing conflict in the Middle East, elevated energy prices, geopolitical tensions and trade disruptions.

Sri Lanka’s external position is also expected to weaken, with the current account balance projected to shift from a surplus of 1.6% of gross domestic product (GDP) in 2025 to deficits of 0.5% in 2026 and 0.3% in 2027.

The IMF’s outlook points to continued economic expansion in Sri Lanka, but with slower growth, rising inflation and a narrowing external surplus giving way to current account deficits over the forecast period.

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