Banking scandal News

Governance in Crisis: Analyzing the NDB Financial Scandal and Regulatory Silence.

The alleged Rs. 13.2 billion financial discrepancy at the National Development Bank (NDB) has triggered a national debate on institutional accountability, audit failures, and the effectiveness of oversight bodies in Sri Lanka.

SriLankan Airlines Launches Probes into Financial Irregularities in UAE and India.

The Evolving Threat: How Digital Fraud is Reshaping Financial Security in Sri Lanka.

Central Bank of Sri Lanka Conducts Nationwide Audit of Financial Institutions Following NDB Fraud.

Following a major financial misappropriation at NDB, the Central Bank of Sri Lanka has confirmed it conducted a comprehensive audit of all banks to ensure no similar systemic irregularities exist elsewhere.

Central Bank and Treasury Overhaul Systems Following $2.5 Million Cyber Fraud.

Sri Lanka Escalates Fraud Alert as 'Pig-Butchering' Cyber Scams Surge.

Parliamentary Watchdog Grills Central Bank Over NDB Bank Internal Control Failures.

Serious Financial Irregularities Surface: Aswesuma Overpayments and NDB Bank Fraud Concerns.

Recent reports reveal a Rs. 500 million overpayment in the Aswesuma welfare program, alongside allegations of a Rs. 13.2 billion fraud at NDB Bank, sparking urgent calls for parliamentary inquiries and regulatory accountability.

Parliament Demands Accountability Following Alleged Multi-Billion Rupee Fraud at NDB Bank.

Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud.

A String of High-Stakes Financial Frauds Rock Sri Lanka’s Economic Landscape.

Sri Lanka is grappling with a series of significant financial irregularities, including a massive internal bank fraud and multiple government-level payment security breaches, raising urgent concerns over governance and oversight.

Suspended Treasury Official Linked to Multi-Million Dollar Cyber Fraud Found Dead.