BENGALURU: Three people, including two women, were arrested in connection with "misappropriating" advance funds meant for students' overseas travel, police said on Wednesday.
A complaint in this regard was filed at the Sadashivanagar police station on November 1 by a staff member of a reputed institution located within the station limits, Bengaluru Police Commissioner Seemant Kumar Singh said in a statement.
The complainant stated that two women working as temporary secretarial assistants at the institution had forged approval orders for the students' advance funds.
The accused allegedly edited and manipulated the approval documents, changed the students' bank account details, and diverted a total of Rs 1.94 crore (Rs 1, 94, 33, 700) in several instalments to the bank accounts of their relatives and acquaintances, thereby misappropriating the institution's funds and committing criminal breach of trust and cheating.