In an official statement, the CBSL said the selected firm will include foreign experts with experience in complex financial investigations. The audit is expected to begin in the coming weeks and will focus on uncovering the full extent and nature of the reported irregularities within the bank.
According to the regulator, the move is part of ongoing efforts to ensure transparency, accountability, and stability within Sri Lanka’s banking sector. The CBSL emphasized that it is closely monitoring the situation and will take appropriate supervisory or regulatory action based on the findings of the investigation.
NDB has not publicly disclosed detailed information about the alleged fraud but has indicated its commitment to cooperating fully with the audit process. The bank is also expected to strengthen its internal controls and governance frameworks in response to the incident.
Financial analysts note that engaging an independent international firm signals the seriousness of the allegations and reflects an effort to maintain investor and public confidence in the institution. The outcome of the forensic audit could have broader implications for regulatory practices and risk management standards across the sector.
The CBSL reiterated that safeguarding depositor interests and maintaining financial system integrity remain top priorities as the investigation unfolds.
