Rajapaksa state-owned airline Mihin Lanka has been listed in the 4th interim report released by the Committee on Public Enterprise (COPE) as one of the largest three loss making state owned companies of 2013.
The report submitted to the Parliament by COPE Chairman D. E. W. Gunasekara yesterday revealed that Mihin Lanka – the first public venture that was named after President Rajapaksa, has incurred a loss of Rs. 3.2 billion along with Ceylon Petroleum Corporation (CPC) and Ceylon Fisheries Corporation with the total losses mounting up to Rs. 9.7 billion in 2013.
Interestingly, although the COPE audits had been carried out on 47 public enterprises, the Urban Development Authority (UDA) that is presently under the strict management of Defense Secretary Gotabhaya Rajapaksa had not submitted its financial statements.
The COPE audits had been carried out between October 8.2013 and April 2014.