Company Law Board (CLB) acting chief R Vasudevan, who was caught red handed while allegedly accepting a bribe of Rs 700,000, is now in six-day Central Bureau of Investigation (CBI) custody. He is being questioned to establish if he had any associates, the bureau spokesperson said.

On Tuesday, Vasudevan was nabbed at his Safdarjung Enclave home while allegedly accepting the bribe to favour one of two feuding factions of a media house. The Company Law Board settles commercial disputes.