Five employees of a private finance company, including the branch manager, have been booked for allegedly embezzling ₹11.77 lakh collected as loan installments from clients, police said on Thursday.

The accused — branch manager Anuj Kumar and employees Vishesh Kumar, Sachin Sirohi, Rocky Kumar, and Chandra Shekhar Chauhan — were working at the Vikasnagar branch of Ambition Services Private Limited (also known as Inka Fintech), a company reportedly registered with the Reserve Bank of India, reported Amar Ujala.

Regional manager Birendra Singh, a resident of Agra district in Uttar Pradesh, filed a complaint after a routine audit revealed serious financial irregularities. Singh told police that the company works to provide microloans to women’s self-help groups for employment and small businesses.

During the audit, it was found that the five employees had collected ₹11,77,855 from loan recipients but failed to deposit the amount with the company. The money was misappropriated by the employees, and their actions have also impacted the credit ratings of the loan beneficiaries.

The regional manager claimed the employees admitted to the wrongdoing and initially promised to return the money, but have since gone missing. Their family members are reportedly uncooperative.

Senior Sub Inspector Satendra Bhati of the Vikasnagar police station confirmed that a case under sections related to criminal breach of trust has been registered, and investigations are underway.

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