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The accused arrested are Arjun (30), an MBA graduate hailing from Rangapally district in Andhra Pradesh who ran an academy in Koramangala, and Harish (28) from Bihar.
150 mark cards with names of educational institutions like Periyar University in Tamil Nadu, Chattisgarh University, Geetham University printed on them with their logos and 50-degree certificates and answer sheets belonging to Mangalore University have also been seized .
Police said that, Arjun came to Bengaluru around five years ago and opened an academy ‘Good Guide Academy’ near Jyothi Nivas College in Koramangala and employed Harish.
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For each certificate they charged Rs. 40,000 to 50,000. The firm is three years old and they have issued over 300 educational certificates earning Rs 1.2 crore. Many of his customers have even landed jobs in the city with these certificates, the police added.