Maharashtra Police have arrested Nitesh Kumar in Bihar’s Muzaffarpur district over an alleged ₹2.68 crore company fraud.
The arrest follows an investigation into the alleged diversion of ₹2,68,88,683 from the bank account of RN Industrial Electrical Private Limited, a Maharashtra-based company. Police allege that ₹23.83 lakh of the disputed amount was transferred to Nitesh Kumar’s bank account. He is identified as the brother of the main accused, Nitin Kumar, who previously worked in the company’s human resources department.
How was Nitesh Kumar arrested?
Nitesh Kumar was arrested during a raid at a house in Madnani Gali on Club Road, under the jurisdiction of Mithanpura police station in Muzaffarpur. The operation was conducted by a team from Usmanpura police station in Maharashtra, with assistance from local police.
Nitesh originally belongs to Narha Panapur village in Bihar’s East Champaran district. Following his arrest, he was produced before the Chief Judicial Magistrate (CJM) court. Maharashtra Police sought 72 hours of transit remand to take him to the state for further questioning, but the court granted 60 hours.
He was subsequently taken to Maharashtra, where investigators are examining the circumstances surrounding the transfer of the disputed funds into his bank account. Police are also seeking to establish whether other individuals played a role in the alleged financial irregularities.
How was the company’s money allegedly diverted?
The case stems from a complaint filed by Siddheshwar Prasad Singh, owner of RN Industrial Electrical Private Limited, at Usmanpura police station on September 10. The complaint accuses Nitin Kumar of diverting company funds by allegedly misusing his position in the human resources department.
According to the complaint, Nitin worked for the company from 2023 until June 23, 2026. During this period, he allegedly exploited his access to internal processes to facilitate unauthorised transactions from the company’s bank account.
Investigators allege that fraudulent email requests and requisition forms were used, along with one-time passwords (OTPs), to transfer the money. The complaint also alleges that forged signatures of office head MM Ojha were used to facilitate the transactions.
A total of ₹2,68,88,683 was allegedly transferred into 21 separate bank accounts belonging to relatives and friends of the main accused. Police are examining the transactions to determine how the money was distributed and whether the recipients subsequently moved the funds elsewhere.
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Why did ₹23.83 lakh reach his account?
Investigators traced ₹23,83,165 of the allegedly diverted amount to Nitesh Kumar’s bank account, bringing him under scrutiny during the investigation. Police subsequently conducted the raid in Muzaffarpur and arrested him.
Investigators are now examining the purpose of the transfer and whether Nitesh knew about the alleged fraud. They are also tracing the movement of the money to establish whether it remained in his account, was withdrawn in cash or was transferred to other accounts.
The transfer alone does not establish criminal involvement. Nitesh’s alleged role will depend on the evidence gathered during the investigation and subsequent judicial proceedings.
Where is the investigation headed?
According to the complaint, Nitin Kumar allegedly deleted data from the company’s human resources server after the suspected fraud came to light and then fled. The alleged deletion has made the examination of digital records, emails and other electronic evidence an important part of the investigation.
Police are conducting raids to trace Nitin and identify other suspected individuals. Investigators are also scrutinising bank records and documents to establish how the transfers were initiated, authorised and executed.
The inquiry is continuing into the roles of the 21 account holders and the subsequent movement of the funds. Nitesh has been taken to Maharashtra on transit remand for questioning, while efforts to locate Nitin remain underway. The allegations against those named in the case remain subject to investigation and judicial proceedings.
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