CoPF raises concern over NDB Bank’s audit failures
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Source: Daily News
Published: 2026-05-09 05:46 UTC+10:00
Section: Breaking News
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Property, Economy & Finance, Fraud & Corruption, World News, Business & Economy, Crime & Justice
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Snippet:
The Committee on Public Finance (CoPF) has raised concerns regarding the failure of the National Development Bank (NDB)’s audit committees to detect a massive internal fraud, estimated at over Rs.13 billion and the effectiveness of its internal controls.
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