Dear Team,

As per the findings of the business team, the Internal Audit (IA) Team conducted the verification in April 2025, it was observed that a fraud amounting to Rs. 86,090/- has taken place. Specifically, the BQM Jagdish Meghwal/SF0068442 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 BQM collected EMI payments from 09 borrowers, amounting to Rs.86,090/- of which Rs.33,120 were recovered and posted in FIMO, and the rest, amounting to Rs.52,970 again failed to record these transactions in FIMO.