The incident was reported from northeast Delhi's Jafrabad area.
The accused, Raja, was arrested yesterday from Ghaziabad and the children, aged eight and 10 were rescued, said Deputy Commissioner of Police (Northeast) AK Singla.
The children's father, in a complaint to police on July 18, said the kids had been kidnapped from school and expressed suspicion that Raja, his wife's friend, may have been involved.
The accused, who worked as a fruit seller, was tracked down through his Facebook account, police said.
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