Mr. Achchelal involved in Collection Misappropriation. It has been found that “he has collected multiple EMI's amount of total Rs.19,800/-on 02-December-2022 from the Borrower- Anita Kumari for Loan No-33125309, which were not posted in FIMO nor submitted at the branch. During the branch visit by the IA team, it was observed that BQM Achchelal/SF0056397 collected EWI, an amount from 1 borrower without updating the same to their accounts. The complaint has been raised by the IA team on date – 18th Apr 2025 vide no. is – FN25-26-00254-. Staff are Active in the Manjhanpur Branch.
During the investigation preceding call he is attended the meeting also give the explanation regarding misappropriation. He explained that during the year 2022 and mid-2023, the FIMO application was not functioning properly, which resulted in member name(Anita) not being displayed. Due to the application issues, He had to manually enter data each month, which may have contributed to inconsistencies in cash handling. There was a monthly change in employees responsible for cash handling, which could have led to a lack of continuity and oversight. There was no proper system in place for the submission of the EMI collected amounts, which may have further complicated the situation. The investigation confirmed that there was indeed a system glitch during the specified period, which affected operations until July 2023. It was determined that the employee was not initially involved in the misappropriation and that their actions were more a result of negligence rather than intentional wrongdoing. The total amount (Rs.11550/-) that was misappropriated has been recovered. The ZDAC (Zonal Disciplinary Action Committee) member concluded the case by issuing a warning letter to the employee, indicating that while there was negligence, it did not warrant severe disciplinary action.
