LUCKNOW, Oct. 17 -- The cyber crime police station in Lucknow has arrested a key accused in the Rs.120-crore cyber fraud case linked to Dr APJ Abdul Kalam Technical University (AKTU). The accused, identified as Vijay Dwarkadas Patel, 44, a resident of Chandlodia, Ahmedabad, had allegedly opened a fake account in a private bank by impersonating a bank official and diverted the defrauded funds through hawala transactions, officials said in a statement on Friday.

Patel, who ran an RTGS and hawala business, played a crucial role in circulating the embezzled funds through multiple accounts across states. His arrest followed an extensive investigation conducted under the direction of the Lucknow police commissioner and supervision of senior of...