Dear Team,

As per the findings of the Business team, the Internal Audit (IA) Team conducted the verification in April 2025, and it was observed that a fraud amounting to Rs. 1,35,340/- has taken place. Specifically, the Loan Officer Vijay Dangar/SF0064414 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 EMI payments from 17 borrowers, amounting to Rs. 1,35,340/- of Rs.20,250 has been recovered and posted in FIMO, and the rest amount of Rs.1,15,090 again failed to record these transactions in FIMO.

Note: - This staff had died in a road accident on 17th Nov 2024.