The accused -- Chandrakant Shinde and Bhikaji Jangam had collected money from these youths, all residents of Bhayander in Thane district, between November 2014 and May 2015.
Sub-inspector K S Patil of Bhayander police station said the case was registered against Shinde and Jangam yesterday but no arrests have been made so far in this connection.
"The accused had told the victims that they have influence in the education department of Mira-Bhayander Municipal Corporation as well as in the Mumbai Metro and promised to provide clerical jobs to them in these establishments," he said.
The accused duo has been booked under Indian Penal Code (IPC) sections -- 420 (cheating), 465 (forgery), 468 (forgery for purpose of cheating), 471 (using as genuine a forged a document or electronic record) and 419 (cheating by personation), Patil said.
Investigation in the matter is underway, he added.
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