Sri Lanka's NDB Bank Fraud Losses Rise to Rs. 13.6 Billion as Final Audit Flags Governance Failures
Sri Lanka's Parliament Committee on Public Finance (COPF) has reviewed a final audit that puts the financial impact of fraudulent transactions at National Development Bank (NDB) at Rs. 13,639,664,684, a figure that is about Rs. 400 million higher than the bank's initial disclosure. The committee, chaired by MP Dr. Harsha de Silva, summoned Central Bank of Sri Lanka officials to examine the irregularities and the audit report, according to Newswire.
News