A member of Company Law Board (CLB) R Vasudevan and a company secretary, Manoj Banthia have been arrested by CBI for allegedly seeking bribe to the tune of Rs 7 lakh to give a favourable ruling in a case.
"Rs 55 lakh including seven lakh bribe amount from the residence of accused member of Company Law Board and cash Rs 3 lakh from the possession of the company secretary at Delhi have been recovered," a CBI spokesperson said.
According to the official "the Company Secretary was also caught while delivering illegal gratification. The accused demanded illegal gratification to give favourable orders in a case being presided over by him."
CBI has registered a case under different sections of IPC and the Prevention of Corruption Act and carried out searches at seven locations in Delhi, Kolkata and Chennai.
"Incriminating documents recovered during searches from the premises of accused persons are being scrutinised," the official said.