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NDB Fraud Probe Exposes Deep Governance Failures behind Banking Crisis - LNW Lanka News Web

The Rs. 13.2 billion National Development Bank (NDB) internal fraud has moved beyond a single criminal case, emerging as one of Sri Lanka’s most serious banking governance challenges in recent years. While independent forensic investigators and the Criminal Investigation Department (CID) continue their separate probes, early findings have exposed alarming weaknesses in internal controls, compliance monitoring and institutional oversight. The for…
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Lanka News Web (LNW) broke the news on Friday, July 24, 2026.
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