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Local News

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

May 18, 2026 at 4:45 AM

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.

14 sources

Local News

Severe Security Lapses in Sri Lanka's Treasury Payment Systems Sparks Urgent Audit.

The diversion of $2.5 million from a state foreign debt payment has triggered a national debate regarding the security and verification protocols governing Sri Lanka's high-value government transactions.

May 16, 2026 at 7:49 PM

1 sources

Local News

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.

May 13, 2026 at 4:27 PM

6 sources

Local News

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Urgent Need for Financial Oversight: Addressing Recent Lapses in State Fiscal Management.

May 9, 2026 at 7:19 PM

2 sources

Parliamentary Watchdog Grills Central Bank Over NDB Bank Internal Control Failures

Image Source : ft.lk

Finance•

May 8, 2026 at 10:39 AM

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

The Committee on Public Finance (COPF) has demanded accountability from the Central Bank of Sri Lanka regarding a major financial fraud at NDB Bank, highlighting critical lapses in audit oversight and calling for modernized security measures.

8 sources

Finance

NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments.

May 3, 2026 at 1:54 AM

National Development Bank (NDB) has announced its Q1 2026 results, acknowledging a total internal fraud impact of LKR 13.20 billion. The bank has restated prior years' financial statements to reflect the losses, while reporting a 15.3% growth in gross income.

20 sources

NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments

Image Credit : independent.lk

Local News

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Finance Ministry Initiates CID Probe Following Cyber Breach and Unauthorized Fund Transfer.

April 24, 2026 at 6:59 AM

9 sources

Technology

Image Source : ey.com

EY Launches Global AI Agent Framework to Revolutionize Assurance Workflows.

April 7, 2026 at 12:55 PM

8 sources

Local News

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National Development Bank Reports LKR 13.2 Billion Internal Fraud.

April 6, 2026 at 5:06 AM

4 sources

The AI Revolution in Auditing: Bridging the Gap Between Innovation and Regulation

Image Source : everworker.ai

Technology•

April 6, 2026 at 4:32 AM

The AI Revolution in Auditing: Bridging the Gap Between Innovation and Regulation.

The auditing profession is shifting from manual, snapshot-based testing to continuous, AI-driven monitoring. As adoption grows, industry leaders are prioritizing security, ethical standards, and global regulatory frameworks to manage algorithmic bias and ensure trust.

17 sources

Local News

National Development Bank Uncovers Internal Financial Irregularity Exceeding Rs. 380 Million.

April 2, 2026 at 3:43 PM

The National Development Bank (NDB) has reported a significant internal fraud exceeding Rs. 380 million, allegedly involving staff members working in collaboration with external parties.