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Local News

Strict Safety Crackdown: 28 Vehicles Suspended in Maskeliya Over Roadworthiness Issues.

May 23, 2026 at 8:51 AM

Authorities in Maskeliya have suspended the operating licenses of 28 vehicles following a surprise inspection targeting road safety violations and illegal modifications.

2 sources

Image Credit : goldpricesrilanka.com

Local 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.

May 18, 2026 at 4:45 AM

14 sources

Finance

Image Source : theasianbanker.com

NDB Bank Finalizes Complete Divestment of Seylan Bank Shares.

May 11, 2026 at 6:22 AM

5 sources

International News

Image Source : lemonde.fr

Niger Imposes Total Ban on Nine French Media Outlets Amid Deepening Diplomatic Rift.

May 9, 2026 at 4:25 PM

8 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

Local News

Strict Enforcement: DMT to Blacklist Vehicles Ignoring Emission Maintenance Orders.

May 7, 2026 at 3:18 PM

The Department of Motor Traffic (DMT) in Sri Lanka is implementing a strict blacklisting policy for vehicles that fail to comply with emission maintenance orders, aiming to reduce air pollution.

5 sources

Strict Enforcement: DMT to Blacklist Vehicles Ignoring Emission Maintenance Orders

Image Credit : issuu.com

Local News

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.

May 7, 2026 at 2:01 AM

6 sources

Local News

Image Source : island.lk

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

May 7, 2026 at 12:17 AM

1 sources

Finance

Image Source : independent.lk

NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments.

May 3, 2026 at 1:54 AM

20 sources

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

Image Source : independent.lk

Local News•

May 2, 2026 at 7:33 PM

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

Financial experts and banking officials suggest that recovering the Rs. 13.2 billion lost in the recent NDB fraud is highly unlikely due to the funds being converted into untraceable cryptocurrency. The situation has raised concerns regarding regulatory oversight and potential repercussions from the Financial Action Task Force (FATF).

8 sources

Local News

Fitch Ratings Lowers NDB National Credit Rating Following Major Fraud Incident.

April 10, 2026 at 11:51 AM

Fitch Ratings has downgraded the National Development Bank (NDB) to 'A-(lka)' citing a major internal fraud incident, weakened capital buffers, and concerns over risk management controls.