That arc is nothing but an internal reflection off one of the many glass surfaces inside the lens. It is not fungus, it is not dirt, it almost certainly is not a defect of any kind. The user has blasted the poor lens with an extremely bright light source(s) (see the blown-out circular spot-like reflections on the lens surface), then tilted it to an angle which is completely irrelevant to its ability to form images, then misinterpreted some innocent arcs of light. Look at the irregular highlight arcs on the filter threads. There are metal rings and threads inside a lens, which can give the same effect, but get further deformed by the glass.
Take a look at the weird ring on this Nikon zoom lens. It's another reflection caused by interaction of a bright light source with the lens optics:
Take a look at the weird ring on this Nikon zoom lens. It's another reflection caused by interaction of a bright light source with the lens optics: