Pvt firm accountant held for Rs 1cr fraud

Jaipur: Sodala police Thursday arrested the main accused in an alleged fraud and criminal breach of trust case involving more than Rs 1.03 crore siphoned off from a private firm’s accounts. After the arrest the police through interrogation will make efforts to recover the money.

According to police, the accused, identified as Abhishek Khandelwal (28), was working as a senior accounts executive with Jaipur Bio Fertilisers, a proprietorship firm, from April 1, 2025, to May 4, 2026. “During his tenure, he was allegedly entrusted with handling the company’s banking transactions and operating the CMS portal of Kotak Mahindra Bank for fund transfers,” said Rajashri Raj Verma, deputy commissioner of police (South).

He said the fraud came to light during an audit of the company’s financial accounts for the financial year 2025-26 on May 25. “The complainant, Naresh Gupta, chief executive officer of the firm, alleged that Khandelwal transferred company funds illegally into his own accounts as well as accounts belonging to his relatives and associates without any authorisation from the company management and lodged an FIR on May 27,” he added.

Police said the audit revealed that around Rs 1,03,72,881 had been diverted from the company accounts. “The money was allegedly transferred to accounts linked to Khandelwal, his wife Nazia Bano, and another person identified as Mohit Khandelwal,” police said.

During questioning, the accused allegedly confessed to the offence, police said.

Officials added that Khandelwal had earlier also been arrested in two separate fraud cases.