Not yet, anyway.
Rajapaksa has yet to leave his old party, now led by the former ally who ousted him at the polls, but it's clear he is quietly in control of the new Sri Lanka Podujana Peramuna party, which translates as the Sri Lanka People's Front.
It's headed by Rajapaksa's former foreign minister, Gamini Peiris. Rajapaksa's brother and former economic affairs minister, Basil Rajapaksa, holds high rank.
The Sri Lanka People's Front admits that is the goal, even if the former strongman remains coy about the new group. Last month, Rajapaksa dodged reporters' questions about whether he was involved, saying, "Let's see, it has not happened so far."
Basil Rajapaksa, speaking in an interview with The Associated Press, was more direct.
"Our main objective is to bring back President Mahinda Rajapaksa," said Basil Rajapaksa, speaking at his new party office on the outskirts of Colombo. "He is our future leader and spiritual leader. ... It's just a matter of time. His vision is our policy."
But he was increasingly criticised for failing to allow an investigation of alleged war crimes by the military, while also facing mounting allegations of corruption and nepotism. He lost the election after his health minister Maithripala Sirisena launched his own last-minute election campaign.
Many of the cases now being prosecuted are still pending in court. Basil Rajapaksa said corruption allegations that led to his arrest and release on bail were politically and personally motivated.
Mahinda Rajapaksa, his elder brother, Chamal, and his son, Namal, are still official members of the same Sri Lanka Freedom Party that Mahinda's father co-founded.
While the party is now headed by President Sirisena, a dissident faction has followed the Rajapaksas in an ad hoc opposition group since the election. Another brother, former defense secretary Gotabhaya Mahinda, also remains loyal though he is not an elected lawmaker.
Perera, the analyst, suggested Rajapaksa's longtime Freedom Party membership made him reluctant to cut ties and join the new People's Party officially.
Once "he realizes he can't be take the control of the SLFP, which is his preferred vehicle, to become the leader again of the country, he will then at that stage opt to take over" the new party, Perera said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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