A 72-year-old man was arrested by Mumbai Police's anti-extortion cell (AEC) for allegedly extorting over Rs 3 lakh from a builder in Thane.

Based on a complaint, the police caught the accused while accepting Rs 3.11 lakh on June 9, senior inspector Maloji Shinde of the AEC said. The accused has been identified as Mukesh Bechardas Kanakiya.