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Is Geeklurn Pay After Placement Institute a genuine program or a scam?
Despite their "pay-after-placement" model, many students have reported not receiving the promised job placements after completing Geeklurn's courses.
Investigations have revealed that Geeklurn allegedly defrauded over 2,000 students, amassing a total of Rs 18 crore through an education loan scam.
The CEO of Geeklurn has been arrested following these fraud allegations, indicating the institute's questionable business practices.
Several former students have filed complaints, stating that Geeklurn's marketing tactics were misleading, and the institute failed to adequately prepare them for the job market as claimed.
Geeklurn's operations were not limited to Bengaluru, as the fraud scheme was also reported to be active in Maharashtra and Andhra Pradesh.
The sessions court in Bengaluru has denied anticipatory bail to Geeklurn's co-director, S.
Arun Kumar, further validating the seriousness of the allegations against the institute.
Geeklurn claimed to partner with a finance company, Neev Credit Pvt Ltd, to provide education loans to students, but these loans were allegedly taken out fraudulently in the students' names.
Some students reported that the course content at Geeklurn was not aligned with industry standards, casting doubt on the quality of the education provided.
The "pay-after-placement" model, which was a key selling point for Geeklurn, seems to have been a facade, as many students did not receive the promised job placements.
Geeklurn's sudden closure in the middle of courses has left several students in financial distress, as they are now responsible for repaying the education loans without securing the expected employment.
The Geeklurn case highlights the importance of thorough research and due diligence when considering any educational institute, especially those offering innovative financing models.
Experts suggest that the Geeklurn incident underscores the need for stricter regulations and oversight in the education technology (EdTech) industry to protect student interests.
The Geeklurn scandal has raised concerns about the validity of "pay-after-placement" models, which may be prone to abuse and exploitation if not properly regulated.
Authorities are still investigating the extent of Geeklurn's fraudulent activities, and it is likely that more students may come forward with similar complaints in the future.
The Geeklurn case serves as a cautionary tale for prospective students, emphasizing the need to verify the credibility and track record of any educational institute before enrolling.
The alleged fraud at Geeklurn raises questions about the effectiveness of the current regulatory framework in the EdTech sector, prompting calls for stronger consumer protection measures.
The Geeklurn incident has prompted a wider discussion about the importance of transparency and accountability in the education sector, particularly regarding the claims and promises made by EdTech companies.
Experts suggest that the Geeklurn case could have far-reaching implications, potentially leading to increased scrutiny and tighter regulations for the entire EdTech industry in India.
The Geeklurn saga highlights the need for students to be vigilant and to exercise caution when considering educational options, especially those that seem too good to be true.
The Geeklurn case serves as a reminder that despite the promises of innovative financing models, students should always prioritize the quality of education and the institute's reputation when making their educational choices.
eDiscovery, financial audits, and regulatory compliance - streamline your processes and boost accuracy with AI-powered financial analysis (Get started for free)