A 43-year-old man from Thane district, on Wednesday, was arrested for allegedly posing as a Central Bureau of Investigation officer and siphoning off Rs 26 lakhs from a person, stated a PTI report.

The victim, a 51-year-old Mira Road resident, was a partner in a metal refining company in Palghar and his company was engaged in the purchase of scrapped batteries, recycling them extracting lead and selling the same in the market, Kashimira police station’s senior inspector Sandeep Kadam was quoted as saying in the report.