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EY partners barred from auditing after NDB fraud

The Central Bank of Sri Lanka has prohibited Ernst & Young (EY) partners involved in auditing National Development Bank's accounts from further banking audits, following a Rs. 13.6 billion fraud that went undetected for three years. The bank's Board Audit Committee was also reconstituted as part of the measures.

AIමෙහි සිරස්තලය සහ සාරාංශය පුවත් ආයතනවල වාර්තා උපයෝගී කරගෙන AI මගින් ලියා ඒවාට සාපේක්ෂව පරීක්ෂා කරන ලද ඒවාය. AI වැරදි කළ හැකි බැවින් සම්පූර්ණ තොරතුරු සඳහා සබැඳි වාර්තා කියවන්න.

මෙම පුවත බෙදාගන්න

සම්පූර්ණ වාර්තා

සම්පූර්ණ පුවත

සෑම අංකයකින්ම එම වාක්‍යය ගත් වාර්තාව විවෘත වේ.

A Rs. 13.6 billion fraud at National Development Bank (NDB) went undetected for nearly three years before being uncovered in 2025.1
The Central Bank of Sri Lanka (CBSL) has barred Ernst & Young (EY) partners involved from conducting further banking audits.1 2 3
The regulator also directed NDB to reconstitute its Board Audit Committee.1 3
CoPF Chairman Dr. Harsha de Silva chaired the meeting where these measures were discussed on 5 November.3
CBSL Governor Dr. Nandalal Weerasinghe stated that the fraud was highlighted in the 2025 audit report using an asterisk, raising questions about the depth of scrutiny.1
The Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) has completed its investigation into the auditors' conduct and referred findings to the Attorney General on 15 October for possible legal action.1

1 Hiru News - English · 2 Gossip Lanka News English · 3 Daily FT

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