FINANCIAL CHRONICLE – The government of Sri Lanka has announced the reopening of Bogambara Prison, a historic facility established during the colonial period, for housing […]
Category: Crime
Sri Lanka’s Prisons Overwhelmed, Operating at Four Times Capacity During Government’s Drug Enforcement Initiative, Says Minister
FINANCIAL CHRONICLE — The prison system in Sri Lanka is currently experiencing significant overcrowding, largely due to the government’s Ratama Ekata anti-drug initiative, as reported […]
Sri Lankan Lawmakers Informed About Emerging Patterns in Human Trafficking
FINANCIAL CHRONICLE – Members of the Sri Lankan Parliament have received a comprehensive briefing on the rising trends in human trafficking, focusing on its legal, […]
Sri Lanka Central Bank Investigation Uncovers Infinity Rover’s Participation in Illicit Activities
Sri Lanka’s Central Bank has announced the results of its investigation into the cryptocurrency trading platform Infinity Rover (Pvt) Ltd, revealing the company’s involvement in […]
Indictments Galore as Accountability Starts in Earnest – “Ada Nam Niyamai”
If there was one unmistakable theme running through Sri Lanka’s political and legal landscape on 19th June 2026, it was accountability. From former ministers to […]
The Hidden Side of Cybersecurity
Digital Vulnerability, Invisible Exposure, and the Future of Human Identity in a Connected World –by Afflli Raheem In the modern world, cybersecurity is no longer […]
COPF Gets Report on USD 2.5 Million Treasury Payment Controversy
The long-awaited report into the controversial transfer of US$2.5 million in Treasury funds -monies reportedly intended for an Australian company but allegedly diverted to an […]
Sri Lanka Police Enhances Officer Training for Effective Handling of Sensitive SGBV Cases
ECONMYNEXT – The National Police Academy in Katana has recently concluded the third cohort of its Diploma in Sexual and Gender-Based Violence (SGBV). This program […]
Sri Lanka: Tourist Paradise Or the Next Cyber-Scam Hub?
For years, Sri Lanka worried about narcotics routes, money laundering, people smuggling and post-war extremism. Today, a new threat appears to be quietly embedding itself […]
SriLankan Airlines Accuses Employees in India of Embezzling INR 22 Million
FINANCIAL CHRONICLE – Several Indian employees at the finance division of SriLankan Airlines’ Chennai office have been implicated in the embezzlement of 22 million Indian […]
SriLankan Airlines Refutes Responsibility in AED 974,000 Fraud Case Involving UAE Service Provider
SriLankan Airlines, the state-owned national carrier, has refuted claims of liability made by a service provider based in Dubai, who alleged that it had not […]
NDB Fraud Latest: Court Asks CID to Probe Senior Officials
Magistrate Questions Audit Failures, CBSL Warnings and Possible Suppression. The rapidly expanding NDB Bank fraud investigation now appears to be moving beyond the alleged operational […]
Sri Lanka’s Central Bank Investigates All Financial Institutions for NDB-Style Fraud, Says Governor
FINANCIAL CHRONICLE – The Central Bank of Sri Lanka has conducted a thorough examination of all banking institutions to identify any fraudulent activities akin to […]
Sri Lanka Central Bank Investigates All Financial Institutions for NDB-Style Fraud, Says Governor
FINANCIAL CHRONICLE – The Governor of Sri Lanka’s Central Bank, Nandalal Weerasinghe, announced that a thorough examination of all banking institutions was conducted to identify […]
Derivative Action Against NDB Raises Serious Questions Over Maintainability Before Commercial High Court
The derivative action filed against National Development Bank PLC (“NDB”), its Board of Directors and external auditors Ernst & Young has now evolved into a far broader controversy involving […]
Ravi Karunanayake’s Letter to President AKD:
“Is This Merely a Fraud. Or Evidence of Systemic Failure?” Be that as it may, one of the most politically significant documents yet to emerge […]
Faizer Musthapha’s Derivative Action Questions Deloitte India’s Role in NDB Fraud Investigation as Forensic Auditor
The derivative action now placed before the Commercial High Court over the NDB Bank Rs. 13.2 billion fraud may prove to be one of the […]
NDB Bank Fraud:Conflict of Interest or a Failure to Understand What True Independence Actually Means?
One of the most dangerous words in corporate governance is not “fraud.” It is “independence.” Because modern financial systems do not survive merely on audits, […]