NDB’s Integrated Risk Management Committee (IRMC), which is its second line of defence, includes Hasitha Premaratne, Chairperson; Sriyan Cooray (Board Chair), Sujeewa Mudalige, and Sanjaya Mohottala ...

National Development Bank PLC has uncovered a fraudulent act committed by certain employees operating in connivance with external parties. ..

Police have arrested several individuals, including a manager of the National Development Bank (NDB), in connection with an ...

Banking regulator, the Central Bank of Sri Lanka (CBSL) yesterday said it was satisfied that the alleged Rs. 13.2 billion ...

In the lengthening shadows of the departing old year, the President goes to Parliament and admits for the first time that the ...

Losing Rs.13.2 Billon because of fraud from a major Sri Lankan bank is hard to believe. It reminds us of a programme from the ...

The Committee on Public Finance (CoPF) which met under the chairmanship of Member of Parliament Dr. Harsha de Silva has ...

All those having direct/indirect OVERSIGHT on this scandal – NDB Director Board, CBSL Governor – Dr. Nandalal Weerasinghe and ...

PLC having to publicly acknowledge a loss of as much as Rs 13.2 bn due to internal fraud, the priority is to maintain confidence of the public in the financial sector to minimise risk of any type of ...

The Board and senior management of Rs. 13.2 billion fraud-embattled NDB has come under flack for ignoring a sharp rise in ...

National Development Bank PLC (Bank) wishes to provide a further update on the previously disclosed fraud incident, with a clear assurance to customers and all stakeholders. The Bank reiterates, that ...

The New Development Bank (NDB) - an important milestone in BRICS (Brazil, Russia, India, China and South Africa) cooperation - is envisioned to be tasked with a number of key missions for developing ...