The accused identified as Ashish Sharma was caught from the private company's office here, from where the tickets were issued to passengers travelling from Meerut to Delhi and back, on a daily basis.
He claimed he was hired on a monthly pay of Rs 4000 and was trained to defraud the system and issue fake tickets by charging full fare but showing a less distance travelled by the passenger.
This has incurred a loss worth crores of rupees to the UP Roadways, sources said here.
A departmental investigation carried out by new Regional Manager Manoj Kumar Pundir, who was recently transferred from Lucknow to Meerut, brought things into light.
A cyber expert team has been sent from Lucknow to Meerut to probe the matter, after Pundir wrote a letter to the UP Roadways headquarters, asking for thorough investigation in the case.