Mr. Ratnesh Kumar 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.25,000/-on 07th December- 2024 from the Borrower -Subhawati for Loan No- 354774734, which were not Posted in FIMO nor submitted at the branch. During Field visit we have

found that Loan Officer Ratnesh Kumar/ SF0094325 collected EMI & Pre close amount from borrower in different centre, but entry not posted in FIMO. Total Fraud amount is Rs. -28520/- Recovered amount is Rs. -2500/-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 is already terminated due to abandonment. 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.