Banking Sector Fraud and NDB Scandal
Discussion of fraud allegations at the National Development Bank (NDB) and criticism of audit firm E&Y's oversight failures. Posts highlight concerns about accountability and governance failures in Sri Lanka's banking sector.
E&Y's audit report probably came with a "terms and conditions" disclaimer that said "results may vary if you're not actually looking," and the NDB Board's oversight strategy seems to be the banking equivalent of wearing sunglasses indoors—technically present, completely useless.
Absolute irony - Ravi K questioning the NDB fraud. What's scarier is the amount of lax measures of E&Y & the @NDBBank Board in letting this fraud happen under their very noses with zero care & accountability. #lka banking sector needs a serious overhaul. https://t.co/VyCe1QsTi9