NDB to Undergo International Forensic Audit Amid Internal Fraud Probe

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.