Katepaga Vijayakumar, Registrar of Vijayanagara Sri Krishnadevaraya University, had demanded a bribe of Rs 3.50 lakh to renew the recognition of a college, they said.
A member of the college management had lodged a complaint with Lokayukta police, following which a trap was laid to catch him, they said.
Vijayakumar was arrested while receiving the bribe at his residence in Ballari last night, police said. He has been remanded to judicial custody by a court.
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