The issue was taken up as a priority during a CoPF meeting held on April 7 under the chairmanship of MP Harsha de Silva. Nandalal Weerasinghe, Governor of the Central Bank, along with senior officials, attended the session as part of a statutory presentation to Parliament.
During discussions, the Governor informed the Committee that an initial investigation into the alleged fraud is currently underway, assuring that the Central Bank will report back once further findings are available.
The CoPF observed that there appeared to be significant shortcomings in corporate governance within the bank, along with weaknesses in supervision by relevant Central Bank departments and delays in reporting material information. The Committee stressed that such lapses are unacceptable and instructed that immediate corrective measures be implemented.
It further emphasized that the matter would be closely monitored, with strict oversight to ensure accountability, transparency, and continued public confidence in the financial system.
Earlier, NDB estimated the fraud exposure at approximately Rs. 13.2 billion, noting that the incident was confined to a specific operational area involving certain employees acting in collusion. The bank has also assured that customer balances remain secure and that normal banking operations continue without disruption.
