New Delhi, Oct 7 (IANS): The Enforcement Directorate (ED) on Saturday said that it has arrested Chairman of Jivika Institute of Pharmacy and Manager of Dr. B. R. Ambedkar Educational Society in Uttar Pradesh's Hardoi in post-matric Scholarship scam case.

The ED said that Ram Gopal was arrested on Friday and a Special PMLA court in Lucknow sent him to seven days of the agency’s custody.

The ED registered a case on the basis of intelligence and FIR registered by UP police in the scholarship scam.

The financial probe agency said that its probe revealed that managers and trustees of various institutes got fake students admitted to their institutes for namesake and applied for scholarship in their names on the government portal with the sole purpose of wrongful advantage of government schemes which were meant for needy students.

“All the formalities in this regard were done by the institutes themselves through various agents. The scholarship so received was transferred to accounts of colleges and thereafter withdrawn in cash or ultimately transferred to personal accounts of owners or managers or trustees or family members, thus, their actions resulted in embezzlement of more than Rs 100 crore of government money,” the agency alleged.

The ED has till date arrested four persons -- Ali Abbas Jafri, Izhar Hussain Jafri, Ravi Prakash Gupta and Vikram Nag in the case.

The ED in also attached movable properties worth Rs. 6.08 crore in the name of managers and trustees of the colleges and also filed one charge sheet against three accused persons.