Dear Team,
1. Incident Overview
Fraudulent Activity: Branch Manager Balwant deliberately used fake KYC documents to process 3 loans. This fraudulent activity led to the misappropriation of funds.

Amount Misappropriated: The total amount misappropriated through these loans is Rs. 197247.

2. Detailed Findings
Loan Processing: The branch manager processed 3 loans using documents that were not genuine. The lapses in the KYC verification process allowed these loans to be approved without proper due diligence.

Misappropriation of Funds: Alongside the illicit approval of these loans, the misappropriation of the amounts totaling Rs.197247 was confirmed. This indicates significant internal control failures and opportunistic exploitation of the system.