The incident took place when the businessman was returning to his home and reached near his colony under Khajrana police station limits in the city. The businessman has been identified as Syed Irshad (30), a resident of Pakiza Colony, Khajrana locality in the city.
The minor accused had fled from Lasudia police station in the city on Saturday night and his body was found on the railway track on the same night. Two police personnel were suspended and a magisterial inquiry was ordered into the matter.
The arrested accused have been identified as Anup Singh, Abhishek Singh and Amit Singh. All of them are residents of Bihar and their fathers are government employees in Bihar.