Acting on a tip-off, police arrested Naresh Kumar and Vineet Sharma, both 25-year-old.
While Naresh is a resident of Kiran Garden in Uttam Nagar, Vineet stays at Ishwar Colony in Najafgarh, a senior Crime Branch official said.
According to police, Vineet, who was the director of Indraprastha International Polytechnic in Vikaspari, used to prepare fake certificates and marksheets of different institutions.
He was arrested after police sent a decoy who struck a deal for Rs 5,000 for a 10+2 certificate for which Rs 1,000 was paid as advance.
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During interrogation, Vineet said he got these certificates made through Naresh who runs Maha Laxmi College in Om Vihar in Uttam Nagar.
During probe, Naresh turned out to be the master mind of the racket. He came in contact with one Yogesh in 2010, who had a office at Janakpuri District Centre.
"He had introduced himself as a representative of many educational institutions like Akhil Bhartiya Shiksha Parishad (UP) and promised him certificate for 10th and 12th for Rs 7,000 each. Since he was coaching for 10+2 classes and had potential candidates who were ready to buy such certificates, Naresh was lured into this. Later, Naresh himself learnt to prepare these certificates and used to sell certificates," said Ravindra Yadav, Addl CP, Crime and Railways.
Police have recovered nine fake certificates, a laptop containing blank certificate formats and a coloured printer- cum-scanner from their possession.
The blank certificate formats were of University of Sikkim, Akhil Bharitya Shiksha Parishad (UP) and Madhya Pradesh State Open School Bhopal (Higher Secondary School Certificate Examination).