Speaking to IANS before being brought before a special Central Bureau of Investigation (CBI) court, Bhanot said: "We have not done anything wrong. All the decisions were taken collectively by the board and the truth will be out."

The CBI Wednesday arrested the organizing committee's (OC) director general V.K. Verma along with Bhanot, who was a key aide of OC chairman Suresh Kalmadi, for irregularities to the tune of Rs.1.07 billion ($23 million) in a contract with a Swiss company for time-keeping equipment for the Oct 3-14, 2010, mega event.

"Media has hyped the matter and I never expected this," he added.The premier investigative agency is seeking seven days of police remand for Bhanot and Verma, officials said.