Dear Team,

As per the findings of the Internal Audit (IA) Team during the verification conducted in May 2025, it was observed that a fraud amounting to Rs. 1650/- has taken place. Specifically, the Loan Officer Aabid Patel collected amounts from borrowers but failed to perform the following actions:

The collected amount was not posted in FIMO.

The collected amount was not deposited in the branch.

Additionally, it was observed that the Loan Officer collected EMI payments from 01 borrowers, amounting to Rs.1650/-, and again failed to record these transactions in FIMO."

Note: - "The signature was verified and matched with both the loan card and the old denomination register, confirming consistency. However, upon discussing it over the Call with Abid Patel, he denied that the signature was his. Additional, due to a technical issue in the DAPS application, the case has been erroneously booked under the Chikhali (RJ3096) branch. Upon review, it has been confirmed that the case actually pertains to the Sabla (RJ2982) branch.

 