The United Bermuda Party wants blood.

With Police Commissioner Jonathan Smith and consultant to the Director of Public Prosecutions Kulandra Ratneser revealing on Tuesday that a two-year investigation into the now-infamous Bermuda Housing Corporation scandal turned up plenty of unethical activity but little that could be deemed criminal, the Opposition are calling for the heads of those involved.

UBP leaders also called yesterday for the full details of the transactions in question to be released to the public, as well as for Government to consider releasing in full the Auditor General?s report from 2002 which sparked the Police investigation.

Legislation updating the relevant laws in Bermuda?s Criminal Code should also be a high priority. Mr. Ratneser stated yesterday that had the laws, which are nearly 100 years old, been updated, the outcome of the investigation could have been different.

Public reassurance that the malpractice, mismanagement, and favouritism at the BHC have been corrected is also necessary, Opposition leaders stated.

Expressing their shock and disbelief at the anti-climactic conclusion to an investigation which was so extensive that members of the UK Serious Fraud Office were called in for strategic and tactical advice, both UBP leader Grant Gibbons and deputy leader Michael Dunkley called for the resignations or terminations of ?the un-named? leaders in the scandal.

Without enough evidence to press criminal charges neither the Police nor the DPP?s office have been able to name those involved in the so-called unethical transactions. However Dr. Gibbons and Mr. Dunkley both called on Premier Alex Scott to release the full details of those transactions.

The BHC is a public entity run with public funds, Dr. Gibbons said. Both the Auditor General and the Police stated that transactions took place which involved publicly elected officials and Government Ministers.

With all that public investment, Dr. Gibbons said: ?The public has a full right to know if what went on was corrupt or unethical ... I am calling on the Premier to ensure the full details of these transactions are released publicly as soon as possible.?

And, he added, if it is decided that the transactions were indeed corrupt or unethical, ?then all those involved should resign or be terminated?.

Dr. Gibbons also called on Mr. Scott to make updating the Criminal Code his first priority. ?The only way to prove the PLP is really interested in good Government and integrity is to have drafted legislation ready when the House of Assembly sits again in October.

?There are other jurisdictions with legislation to copy ? I understand both Jamaica and Australia both have relatively modern legislation we could use. Quite frankly, we just did that with the insider trading laws, it?s quite straightforward.

?But if they don?t do it, it shows where the PLP?s real priorities are.?

Mr. Dunkley, who first blew the whistle on possible corruption at the BHC during the Budget debate in March of 2002, said he was disappointed in the outcome of the investigation.

?We are quite aware of what took place, of the seriousness of the allegations, and now to see the Police call a Press conference and basically wash their hands of it ... it?s very disappointing.?

Reading from the Commissioner?s statement, Mr. Dunkley said: ??This investigation can show this community, and a wider audience, that Bermuda is not a place where public funds, derived ultimately from the tax-payer, can be plundered for private gain.??

?Say what?? he added. ?What have they done about it? The money?s gone! ... The results mean nothing, nobody paid the penalty, nobody resigned, no money was recovered despite (former Housing Minister Colonel) Burch puffing his chest out, despite the Police ? we don?t even have a full report on what?s taken place.?

The finger is pointing at the Premier to not only show some fortitude to the Bermudian people, but also to the rest of the world, he said ? namely the international business community.

?This won?t be looked at in isolation. Bermuda is a player on the world map ... We are well-respected in the international business world.

?But this kind of thing sends a shudder through those dealing with us and makes them think twice about dealing with anything more ... People will not deal with a jurisdiction that has a cloud hanging over them.?

Both Police and the Auditor General indicated corruption at the highest levels of power, he said.

?People with power and authority are getting away with it while the poor man in the street gets slapped every time he steps out of line. They do what they want, they are not accountable.?

Now it is up to the Premier, he added, to show some leadership and accountability. ?These are tough decisions but it has to be done ...

?We are calling for the resignation of every single person involved. Anything less would be a cop-out.?

Mr. Dunkley also called on the Premier, the Governor, the Auditor General and the Speaker of the House to get together and consider releasing the Auditor General?s report, unless that will prejudice the case which is still before the courts.

Seeing that report would allow the public to understand what happened, and Government to go through it step-by-step to show what changes have been made. ?People need to know controls have been re-established. And if they haven?t ? why not??