Man booked for extortion bid, criminal intimidation

Mulund Police have arrested a 38-year- old man who allegedly tried to extort Rs 1 crore from a businessman last year. Rakesh Shetty surrendered at the Mulund police station Saturday after his application for anticipatory bail was rejected by the Bombay High Court.

Police said that Shetty posed as the president of the Congress-affiliated Indian National Trade Union Congress (INTUC) and demanded money from developers in whose dealings he found irregularities.

In July last year, he allegedly zeroed in on the family of 56-year-old trader Kirtikumar Jain and promised his wife that he would get his husband out of jail if she paid Rs 1 crore. Jain was earlier arrested following a loan default. When Jain's wife refused to pay up, Shetty threatened her, following which she lodged a police complaint.

"Shetty filed for anticipatory bail, but his application was rejected both by the sessions as well as the High Court. We booked Shetty for extortion and criminal intimidation. He was produced before a magistrate and granted bail," said Jivajeerao Jadhav, senior inspector.

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