Financial controversy 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.

SriLankan Airlines Faces Dual Financial Investigations Over Dubai and Chennai Incidents.

SriLankan Airlines is under investigation following two distinct financial fraud cases in Dubai and Chennai, involving email hacking and internal document forgery, resulting in significant losses.

Concerns Mount Over Fiscal Irregularities in Sri Lanka’s Welfare Distribution.

Recent allegations regarding the irregular disbursement of Rs. 500 million in Aswesuma welfare funds have sparked public outrage, highlighting systemic gaps in financial oversight during Sri Lanka's economic recovery.

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.

Transparency Concerns Emerge Over $26.6 Million SriLankan Airlines Lease Deal.

Opposition MP Dayasiri Jayasekara has questioned the financial transparency of a $26.6 million lease for a 14-year-old aircraft, alleging that the public was misled regarding the acquisition of a 'new' plane.

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.

Legal Consequences Loom as Finance Ministry Secretary Skips Key Parliamentary Committee Hearing.

Legal experts warn that the Finance Ministry Secretary could face severe penalties under the Parliament (Powers and Privileges) Act after failing to appear before the Committee on Public Finance regarding a suspicious $2.5 million transfer.

Navigating Uncertainty: The Evolving Role of Finance Leaders in the Digital Era.

Parliamentary Probe Initiated Into Mysterious $2.5 Million Financial Fraud.

The Committee on Public Finance (COPF) is set to investigate a controversial $2.5 million cyber fraud incident involving the Ministry of Finance, as its chairman expresses deep skepticism over alleged hacking claims.

Evolution of Finance: How Human Intelligence Complements AI in Modern Business.

As AI automates routine tasks, finance professionals are shifting toward strategic, data-driven leadership roles, with a focus on human judgment, ethical reasoning, and critical analysis.

Blackstone CEO Defends Private Credit Amidst Market Volatility.