As Team Anna is all set to go on another hunger strike from the December 27, and Jail Bharo Andolan from December 30, the question is whether this is the right approach to get rid of corruption. Backing Anna Hazare's demand, Mohandas Pai, Director of Manipal Universal Learning and the Former Director of Infosys said the CBI has to be under the control of the Lokpal to make it effective.

"The challenge in India for corruption cases has been the lack of investigation, the lack of resources and the lack of integrity in the investigation. If we don't want a Lokpal that is impotent, CBI needs to under its control or it is not going to work," he opined.

Further, Pai said that the goverment is occupied by the Lokpal issue to address corporate India's policy paralysis concerns. However, he added that India Inc has to be a little bit more patient because if corruption doesn't settle, the future will be very dark.

Below is an edited transcript of Mohandas Pai's interview to CNBC-TV18. Also watch the accompanying video.

Q: What do you make of the demand now on part of Team Anna to go on another hunger strike from the 27th December and Jail Bharo Andolan from 30th December? Is this the right approach even though we want to get rid of corruption?