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According to the CBI officials, Mohan and his friend Paresh Kumar, CEO of New Delhi-based Multimax Asset Reconstruction Pvt Ltd were arrested for allegedly receiving a bribe of Rs 3.5 lakh after they made a demand of Rs 5 lakh.The arrested accused were presented in a Delhi court and were sent to judicial custody till January 14.In their complaint to the CBI, Nishant Bugalia said that he and his wife were appointed as consultants by FRTech, Hyderabad, which became insolvent under the IBC (Insolvency and Bankruptcy Code). Bugalia further claimed that primarily through e-mails, between March and November, 2017, the couple had raised an invoice of Rs 18 lakh towards the company of which the company paid them Rs 15.20 lakh while a sum of Rs 2.8 lakh remained outstanding.When the company was declared insolvent under IBC, the NCLT, Mumbai, appointed Mohan as IRP on November 14 last year with whom the complainant had raised the issue of his outstanding amount, he said in his complaint to the central probe agency.Mohan allegedly demanded further details relating to his wife's appointment like work, payment from the complainant which were provided by him, the FIR said.The FIR further alleged that on December 30, Mohan made a phone call to the complainant saying a criminal case will be filed against his wife and asked him to meet at Paresh Kumar's office in Laxmi Nagar area."During the meeting, Mohan allegedly told the complainant that in order to hush up the criminal proceedings he will have to pay Rs 5 lakh as bribe. Mohan's friend Kumar, who was present during the meeting, said he would be in touch regarding the alleged payment," the FIR read."He (Mohan) assured complainant that he would hush up the case in the court if the payment is made to him. He said that he will send notice to the complainant in this regard, but he will also help in getting the suitable reply prepared," the FIR said.The complainant also recorded conversations and phone calls exchanged between him, Mohan and Kumar.The CBI official said that the agency verified the claims of the complainant where the amount was being negotiated with Kumar and brought down to Rs 4 lakh and both were arrested later on Saturday after the FIR was registered.( With inputs from IANS )

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