Muzafar Iqbal, an employee of Baba Ghulam Shah Badshah University (BGSBU), was nabbed from a hideout in Rajouri town yesterday, a police officer said here today.
Another accused Aijaz Malik, an employee of Jammu and Kashmir Bank, was already in police custody in connection with over Rs 15 lakh scam.
The BGSBU scholarship fraud came to light on May 20 when Yogesh Thaper, Branch head of Jammu and Kashmir Bank, lodged a written complaint in Darhal Police Station regarding the misappropriation of scholarship funds meant for students of the unviversity and the fraudulent transactions of cheques from the Darhal branch of the bank.