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Back to stories
3 sources1h ago

Commercial High Court Dismisses Petition Against NDB Directors and Auditors

The Colombo Commercial High Court on Friday dismissed a petition filed by M. Thiyagaraja seeking permission to take action against National Development Bank PLC (NDB), its directors and external auditors over an alleged Rs. 13.2 billion fraud. High Court Judge Viraj Ranatunge issued the order on October 9, 2026, stating that the requirements for proceeding...

Ada Derana Biz•1h ago
By Biz Editor
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What this story is about

People
  • Chathuranga Abeysinghe2
  • Kaushalya Ariyaratne2
  • Nishantha Jayaweera2
  • Harsha de Silva2
  • Champika Hettiarachchi
  • Lakmali Hemachandra
  • Wijesiri Basnayake
  • Ravi Karunanayake
Organisations
  • Accounting and Auditing Standards Monitoring Board2
  • Deloitte Touche Tohmatsu India LLP2
  • Central Bank of Sri Lanka2
  • Parliament of Sri Lanka2
  • NDB Bank2
  • Colombo Commercial High Court
  • National Development Bank PLC
  • Committee on Public Finance
Places
  • India2
  • Sri Lanka
  • Colombo
Keywords
  • final2
  • fraud2
  • rises2
  • governance
  • directors
  • discloses
  • dismisses
  • ranatunge
  • auditors
  • failures

Names and places drawn from every article in this story. The number shows how many of them mentioned it.

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Also reported by

3 newsrooms have reported this story

  • NDB Bank fraud rises as final audit report discloses issuesSri Lanka Mirror·1d ago
  • NDB Bank fraud rises to Rs. 13.6 billion as final audit reveals governance failuresNewsWire English·1d ago
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