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. 62,455/- has taken place. Specifically, the Branch Manager, Jignesh Parmar/SF0079801, 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 branch manager collected pre-closer payments from 02 borrowers, amounting to Rs 62,455/-, again failing to record these transactions in FIMO.