The accused, identified as Sunil Kushwaha and Tarun Chauhan, took the money from Neeraj Azad in lieu of a "forged" letter showing that his son has been granted admission in the school, they said.
However, the matter came to light when the said letter was rejected by the institution's principal.
Later, Azad registered an FIR against the duo on the basis of which the duo were arrested yesterday, police said, adding that a fraud case has been registered against them.
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