Dear Team, Misappropriation by LO Saurabh Kumar (SF0093467) Date: 27 June 2025  It was confirmed that Loan Officer Saurabh Kumar (Emp. ID SF0093467) diverted customer collection proceeds totaling ₹17,400 for personal use. Five borrowers’ accounts were affected. Mr. Kumar absconded from the branch as of 05 June 2025. Details of Incident  • Staff Member: – Name: Saurabh Kumar – Employee ID: SF0093467 – Designation: Loan Officer, [Branch Name] • Period of Misappropriation: April–May 2025 • Modus Operandi: Collection amounts due from five borrowers were recorded as “received” in the system; cash was pocketed and not remitted to the branch vault or bank. Findings of Investigation  a. Total Amount Misappropriated: ₹17,400 b. Number of Affected Borrowers: 05 c. Absconding Date: 05 June 2025 d. Audit Trail Gaps: – Daily cash reconciliations were signed off without physical verification. – No dual-control mechanism for high-value remittances.