Bengaluru, Nov 12
Three people, including two women, were arrested in connection with "misappropriating" advance funds meant for students' overseas travel, police said on Wednesday.
They further disclosed that they had transferred the embezzled funds to 16 different bank accounts belonging to their relatives and friends, and had used the money to purchase property, gold ornaments and other valuables.
On Monday, the two women accused were produced before the Court, which remanded them to judicial custody. The third accused remains in police custody, and the investigation is ongoing.