Dear Team,

Based on the findings shared by the Internal Audit (IA) team, verification conducted during March 2025 revealed a total fraud amounting to Rs. 2,00,000/-. It was observed that BM Jigneshkumar Parmar (SF0079801) posted only Rs. 56,964/- in FIMO, while the remaining amount of Rs. 1,43,036/- remains unposted and is to be recovered.

Additionally, it has been noted that:

The borrower had completed their loan repayment in 2022; however, no receipt was provided at that time.

A receipt was eventually issued to the borrower in January 2025 by Jignesh Parmar.

The signature on the cash receipt does not correspond with the denomination or movement register records.

The borrower has confirmed that the payment was made to Jignesh Parmar and has provided a written statement supporting this claim.

Note: - Due to a technical issue in the DAPS application, the case has been erroneously booked under the Palitana branch. Upon review, it has been confirmed that the case actually pertains to the Gadhada branch..