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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

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

Finance

Image Source : theasianbanker.com

NDB Bank Finalizes Complete Divestment of Seylan Bank Shares.

May 11, 2026 at 6:22 AM

5 sources

Finance

Image Source : ft.lk

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

May 8, 2026 at 10:39 AM

8 sources

Local News•

May 7, 2026 at 2:01 AM

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.

6 sources

Local News

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

May 7, 2026 at 12:17 AM

Opposition MP Ravi Karunanayake has raised serious concerns in Parliament regarding an alleged Rs. 13.2 billion financial fraud at NDB Bank, questioning the Central Bank's oversight and the failure of national payment systems to detect the irregularity over three years.