NDB Bank Commissions Deloitte for Forensic Probe into Fraud Incident 📈

National Development Bank PLC (NDB) has officially appointed Deloitte Touche Tohmatsu India LLP to conduct an independent forensic investigation into a recently identified fraudulent incident. The move follows corporate disclosures made on April 2 and April 6, 2026. • Regulatory Oversight: The probe is being conducted in close consultation with the Central Bank of Sri Lanka (CBSL) Director of Bank Supervision. In a significant move for transparency, Deloitte will report all interim updates and final findings directly to the CBSL. • Scope of Review: The investigation aims to identify the specific facts of the transactions and pinpoint any lapses in internal controls, governance, and oversight within the banking sector framework. • Stakeholder Assurance: This formal step is intended to provide clarity and maintain trust among shareholders, depositors, and the broader financial services industry.