EconomyGeneralHOTSaturday, April 18, 2026

NDB to Undergo International Forensic Audit Amid Internal Fraud Probe

TLDR

NDB faces international forensic audit over Rs 13.2 billion internal fraud.
CBSL mandated audit by leading international firm; closely monitoring NDB.
Fraud, reportedly from mid-2024, also probed for governance failures; CID investigates.

The Central Bank of Sri Lanka (CBSL) has announced that National Development Bank PLC (NDB) is finalizing arrangements to engage a leading international firm with overseas experts. This firm will conduct a comprehensive forensic audit into a recently disclosed internal fraud at NDB. The audit's scope will encompass not only matters directly related to the fraud's commission but also a full assessment of any failures in compliance, control, oversight, and governance. The CBSL stated it continues to closely monitor developments, with the audit expected to commence shortly to investigate the reported irregularities.

Story Update

Update #2\u00b7 Apr 21 · 12:34 AM

The National Development Bank (NDB), in consultation with the Central Bank, is set to appoint an international firm for a comprehensive forensic audit into a Rs 13.2 billion bank fraud. The scam, which reportedly began in mid-2024, is currently under investigation by the Criminal Investigation Department (CID). The Central Bank has declared that it is closely scrutinizing NDB's day-to-day developments.

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