Sri Lanka, April 17 -- The Central Bank of Sri Lanka (CBSL) says that it continues to closely monitor on a day-to-day basis developments relating to National Development Bank PLC (NDB) following the disclosure of an internal fraud.

Issuing a statement, it revealed that NDB, in consultation with CBSL, is finalising arrangements to engage a leading international firm with experts from overseas to conduct a comprehensive forensic audit into the incident.

"The scope of this audit will, apart from matters directly related to the commission of this fraud, also fully address and assess any failures on compliance with regulatory requirements on control, oversight and governance during the period in which the fraudulent transactions took place,"...