Sri Lanka to investigate USD2.3b Airbus deal
(MENAFN) Sri Lanka's new government announced launching a criminal probe into the USD2.3 billion order of 10 Airbus for the island's loss-making national carrier under the old government, AFP reported.
Prime Minister's office said an independent board of inquiry found gross violations of financial regulations and procurement procedures in state-owned Sri Lankan Airlines's deal.
"The Board of Inquiry has found shocking details of corruption running into billions of dollars, manipulations of service contracting, recruitment of unqualified staff and major security breaches," the premier's office said.
Prime Minister's office said an independent board of inquiry found gross violations of financial regulations and procurement procedures in state-owned Sri Lankan Airlines's deal.
"The Board of Inquiry has found shocking details of corruption running into billions of dollars, manipulations of service contracting, recruitment of unqualified staff and major security breaches," the premier's office said.
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