Sri Lanka, May 4 -- Democratic National Alliance (DNA) MP Ravi Karunanayake has called on President and Finance Minister Anura Dissanayake to initiate an independent forensic investigation into the alleged fraud at National Development Bank PLC (NDB), citing serious concerns over regulatory lapses and systemic weaknesses in financial oversight.

In a letter addressed to the President, MP Ravi Karunanayake said that suspicious transactions linked to the bank had reportedly been flagged by at least two licensed commercial banks to the Financial Intelligence Unit (FIU) more than a year before the fraud was exposed. He noted that the apparent delay or inaction in responding to these warnings raises questions about the effectiveness and accoun...