Dear Team,

As per the findings of the Internal Audit (IA) Team during the verification conducted in April 2025, it was observed that a fraud amounting to Rs. 6,34,590/- has taken place. Specifically, the Loan Officer Tulasibhai Gamerbhai Khant/SF0068784 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 42 borrowers, amounting to Rs 6,34,590/-, of which Rs. 1,82,150/- has been recovered and posted in FIMO, and the rest amount 4,52,440/-, again failed to record these transactions in FIMO.