The Central Bureau of Investigation (CBI) on Wednesday produced Ghaziabad native Vikas Bansal, 36, a key accused in the case relating to the tampering of the results of the Common Admission Test (CAT) conducted by the Indian Institute of Management, Kozhikode (IIM-K) in October and November 2012, before the Enakulam Chief Judicial Magistrate court.
Bansal, the proprietor of Ghaziabad-based consultancy firm Career Guardian, was arrested from Ghaziabad on Monday and brought to Kochi by flight.
He is accused of swindling at least Rs.8 crore from 80 candidates who had appeared for the examination.
The mastermind
The court has sent him to CBI custody for four days. Officials said Bansal, who had masterminded the scam, collected between Rs.6 lakh and Rs.18 lakh from candidates by offering them management quota seats in 140 CAT-allied B-schools and invested the money in the realty sector.
Earlier in April, the CBI had arrested Muhammad Aslam and Zegam Abbas, two employees of the Career Guardian, who linked up with Muhammad Aafaque, a data entry operator with the Lucknow-based Web Weavers, who tampered with the score list when it was published on the IIM website.