For these management graduates, finding a job with big MNCs was not what they dreamt of.
They were more keen on using their management skills to dupe hapless people into parting with their hard earned money.
They even found a way of cheating on papers with the help of a 'magic pen'.
The South Delhi Police have arrested three men, one MBA and two other BBA graduates, from Vivek Vihar on Wednesday and Thursday for allegedly cheating people by promising them easy loans.
They met three months ago and became good friends as well as partners in a business and crime.
"The police team started investigations and zeroed in on the alleged persons and found that an organized gang of three well-educated persons was running a beauty parlour and men's salon under the name of Elegance," said HGS Dhaliwal, Deputy Commissioner of Police (South).
Pramod Kumar (29) is an MBA and his father is an ex-military man, while Mandhir Singh (24), a schoolteacher's son, is a graduate in business administration. The third accused, Rajbir Singh (26), has also done BBA.
Mandhir and Rajbir while working at Tech Mahindra call centre came in contact with Kumar three months back. "Kumar's children study in the school where Mandhir's mother teaches. This is how the three got to know each other," Dhaliwal said.
The police said the gang used to advertise in newspapers promising easy loans and would collect relevant documents when contacted by gullible victims.
"During the collection of documents, they would give the person a 'magic pen' to fill in the amount for the cheque. After verifying of the victim's bank account, they used to heat the cheques using room heaters. The magic ink gets evaporated on heating and leaves no impression. After that they used to fill in a fresh amount and transferred the money in their own accounts," added Dhaliwal.
A 'magic pen', 10 mobile phones, 23 SIM cards, four different Pan Cards with photographs of Kumar with different identities, gold cards and debit cards of different banks with different particulars were also recovered from them.