A woman was arrested for allegedly honey-trapping a 74-year-old businessman and extorting Rs 18.5 lakh from him, a Mumbai Police official said on Thursday, reported the PTI.

The incident came to light after the victim, who is the managing director of a firm dealing in medical disposables, filed a complaint against the 50-year-old woman at Malvani police station on March 7, the official said, as per the PTI.