Sri Lanka, July 2 -- The Cabinet of Ministers has granted approval to the proposal to establish a Special Presidential Investigation Committee to probe fraud, corruption and irregularities occurred in the past within SriLankan Airlines Limited and Airport and Aviation (Sri Lanka) (Private) Limited.

According to the Cabinet paper presented by the President, the Special Presidential Investigation Committee will be headed by former Auditor General H. M. Gamini Wijesinghe.

The statement issued by the Department of Government Information, although SriLankan Airlines Limited is contributing to the economic improvement of the country, the annual loss of the company is a burden on the state while the cost is being borne by the people.

The expe...