{
  "id": 19573588,
  "title": "Rs 13.6 bn NDB fraud: No fresh assignments for some involved in NDB audit",
  "url": "https://urgent.news/2026/11/11/rs-13-6-bn-ndb-fraud-no-fresh-assignments-for-some-involved-in-ndb",
  "topic": "world",
  "section": "World",
  "published": "2026-11-11T23:59:42.000Z",
  "source": {
    "name": "The Island Sri Lanka",
    "slug": "the-island-sri-lanka",
    "url": "http://island.lk/rs-13-6-bn-ndb-fraud-no-fresh-assignments-for-some-involved-in-ndb-audit/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Central Bank of Sri Lanka (CBSL) has instructed Ernst & Young, Sri Lanka (E&Y) not to assign any fresh audit engagements to Licensed Banks to the Engagement Partner and the Quality Assurance Partner who were involved in the audit of the National Development Bank PLC's (NDB) financial statements. This decision comes in the wake of an internal fraud disclosed at NDB, which has resulted in a fraud amounting to Rs 13.6 billion. The CBSL's statement clarifies that this restriction does not impact E&Y's status as a qualified auditor for Licensed Banks in Sri Lanka under the provisions of the Banking Act, No. 30 of 1988, as amended.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}