Mr. Shivam Singh involved in Pre-closure Misappropriation. An allegation of “Financial Misappropriation” has been made against him. It has been found that “he has Collected 01 Pre-close of total amount Rs.33,921/- on 17th December -2024 from the Borrower -Nirmala Devi for Loan No- 357657246, which were not Posted in FIMO nor submitted at the branch. During the field visit by the IA team, it was observed that Loan Officer Shivam Singh/SF0087583 collected 24 Borrowers' Pre-close amounts from borrowers without updating the same to their accounts. The business team raised a complaint on 05th Apr 2025, vide no. FN25-26-00084.Total Fraud amount is Rs. -383637/- Recovered amount is Rs. -188960/-only.

The alleged employee involved in the investigation of financial embezzlement has not participated in any of the proceedings. The employee has failed to respond to calls and messages sent to the registered number.

Further, he has absconded from the branch. The ZDAC Member concluded from the absence of the employee that the employee was indeed involved in financial embezzlement and recommended closing the case at level 1-Closed with Termination.