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. 65,060/- has taken place. Specifically, the Loan Officer Chotu ram Meghwal/SF0068462 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 14 borrowers, amounting to Rs.65,060/- of which Rs.2,660 were recovered and posted in FIMO, and the rest, amounting to Rs.62,400 again failed to record these transactions in FIMO.
Note: - Due to a technical issue in the DAPS application, the case (FN25-26-00305) has been erroneously booked under the Degana (RJ3058) branch. Upon review, it has been confirmed that the case actually pertains to the Kolayat (RJ3247) branch.