Sri Lanka’s NDB, Central Bank to Engage Global Firm for Forensic Audit

Rs. 13 Billion NDB Bank Fraud Exposes Oversight Failures - LNW Lanka News Web

Sri Lanka’s financial sector has come under intense scrutiny following revelations of a massive fraud at National Development Bank PLC, with Parliament’s watchdog raising serious concerns about governance failures and regulatory blind spots. The Committee on Public Finance (CoPF), chaired by Harsha de Silva, has flagged what it described as “significant lapses in corporate governance” at National Development Bank PLC, alongside delayed disclosur…

Sri Lanka’s NDB, central bank to engage global firm for forensic audit

ECONOMYNEXT – Sri Lanka’s central bank has said it was finalizing arrangements with National Development Bank to engage an international firm to conduct a comprehensive forensic audit, after the lender disclosed an internal fraud of 13.2 billion rupees last month. “The scope of this audit will apart from matters directly related to the commission of this fraud, also fully address and assess any failures on compliance with regulatory requirements…

CBSL Orders In-Depth Forensic Investigation by Renowned Global Firm with International Specialists into NDB Fraud Case

The Central Bank of Sri Lanka (CBSL) is actively overseeing the ongoing situation concerning National Development Bank PLC (NDB) in light of a recent internal […] The post CBSL Orders In-Depth Forensic Investigation by Renowned Global Firm with International Specialists into NDB Fraud Case appeared first on FINANCIAL CHRONICLE.

Update on National Development Bank PLC | Central Bank of Sri Lanka

The Central Bank of Sri Lanka (CBSL) continues to closely monitor on a day-to-day basis developments relating to National Development Bank PLC (NDB) following the disclosure of an internal fraud. CBSL wishes to inform the public that NDB in consultation with CBSL is finalizing arrangements to engage a leading international firm with experts from overseas to conduct a comprehensive forensic audit into the incident. The scope of this audit will  a…