HYDERABAD: An MBA postgraduate, who has been running an overseas education consultancy in the city, has been arrested for preparing fake project reports and fake project completion certificates. A maker of fake rubber stamps and a systems operator were also arrested by the Hyderabad police after a raid on the office of KAB Technology and Services at Koti. Police are also investigating the nexus between a number of colleges and the accused.
They are learnt to have prepared fake project completion certificates of leading MNCs like Capitol IQ, Tata, Airtel and HDFC for BBA, MBA and B.Tech students. Fake stamps of several top companies including Canara Bank, ICICI Bank, HDFC Bank, HCC Limited and Kesoram Cements were also recovered.
Police seized as many as 60 fake project completion certificates, 16 fake project reports, 100 fake visiting cards. Speaking to mediapersons, DCP (central) of Commissioner’s Task Force P Radhakrishna Rao said the prime accused, Vaddineni Naveen Kumar (34), is an MBA in Marketing and HR and hails from Nellore town.
He rented an office at Koti for `15,000 a month and floated KAB Technologies and Services for Overseas Education and Training last year. He had earlier worked as a web designer in Bangalore.
Police said Naveen Kumar prepared over 600 project completion certificates so far. He confessed to the police that he committed the crime. In view of the growing demand for project completion certificates from students, he joined hands with a rubber stamp maker, R Venkatesh, and a systems operator, Kondamuri Balakrishna, offering them huge sums of money from students.
According to the police, Kumar approached a number of engineering, business management and other professional colleges in and around Hyderabad, and identified students who were in need of project completion certificates. His visiting card and name board claimed that his firm provided visa and immigration services too but police found out that he did not have any valid licence for that.