The committee members include ministers Rajitha Senaratne, D M Swaminathan and Ajith P Parera, while Secretary to the Ministry of Law and Order has been appointed as the Secretary of the committee, officials said.
This is the first decision taken by Wickremesinghe after he was given the charge of the Police at yesterday's Cabinet reshuffle.
The delay in dealing with cases of corruption, murder of journalists, abductions and other crimes during former President Mahinda Rajapaksa's regime is being linked to the defeat.
Since the Sirisena government came into power in 2015, several members of the Rajapaksa family have been facing litigation, with some of them even spending remand terms in the ongoing cases.
"It is absurd to say that they lost the elections because they were not able to jail the Rajapaksas," Namal Rajapaksa, the elder son of the former President told reporters.
Wickremesinghe, who resisted a call from Sirisena to resign after the poll debacle, was entrusted with the Law and Order ministry which was taken away from his protege, Sagala Ratnayake who held the post since 2015.
It was alleged had Ratnayake stifled action against the Rajapaksas.
Fonseka was jailed in 2010 soon after he unsuccessfully challenged Rajapaksha in the presidential election.
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