Fourth Suspect Arrested in NDB Bank Financial Fraud

COLOMBO (News 1st) - The Criminal Investigation Department (CID) has arrested a fourth suspect in connection with a massive internal financial fraud at NDB Bank, bringing the total number of individuals in custody to four.

The latest suspect is scheduled to appear in court today. This follow-up arrest comes after the initial apprehension of three other individuals earlier this month.

The case, which involves the alleged misappropriation of Rs. 13.2 billion, is currently being spearheaded by the CID’s Computer Crimes Division.

The primary suspect has been identified as an Assistant Manager within the Department of Payments and Settlements. He was taken into custody on the 1st and 2nd of the month along with two others: his brother and another bank employee.

The first three suspects—aged 33, 34, and 35—have been remanded until the 14th of this month following their initial court appearance.