I really want to know that is there any previous check that can be done on the people taking loan from the company who might cause a risk to the company in future. As few of the cases in last few months have been noticed with such wrong implementations I don’t want such kinds of issues in my future work experience.
Suggest me if anyone can, about how to keep a check on such people?

Dude I'm sorry but I can't understand what you are trying to say at all. What company are you talking about? Who is taking loans from this nebulous company and why? Who's interests are you worried about? The borrower's or the company's?

I think the answer to your question is simply pulling a credit report on the individual and underwriting their loan. You probably shouldn't be in the lending business if you don't know the basics of underwriting and what your credit/income/debt criteria should look like for acceptable risk.

You can make sure of the occurrence of risk before allotting loan to anyone. It has become very necessary in today’s circumstances to keep a preview check on anyone before giving him a loan so as to avoid future problems of recovering the money back in case of any risk or fraud. For this I will recommend you a service which deals in risk management activities. Your issue to have a preview check will get resolve very soon.