A 47-year-old building material supplier was arrested from Lucknow on Saturday by the Mumbai police in connection with the Rs 122-crore New India Co-Operative Bank embezzlement case, an official said.

Pawan Amarsingh Jaiswal, who was among the six wanted accused in the case, was apprehended by a team of the Economic Offences Wing (EOW) of Mumbai police around 8 am, the official said.

Jaiswal, a resident of Jharkhand, is accused of receiving Rs 3.5 crore from the total embazzeled amount. He is the ninth person to be arrested in the case so far, the official said.