Srivastava was released on bail till December 19 by the court on furnishing a personal bond of Rs 50,000 and a surety of the like amount.
According to CBI, a complaint was made by one Rajiv Sharma on May 11, 2006 alleging that Srivastava had demanded Rs four lakh bribe from him on the promise that he would favour him in a preliminary enquiry going on against him in a criminal case.
Following the complaint, CBI registered a case against Srivastava and arrested him when he was accepting the bribe amount from Sharma.