Wednesday, 2 September 2026 MUMBAI EDITION LIVE

Mumbai Crime Branch Foils ₹11 Crore Extortion Plot

5 arrested for threatening Bandra developer, fake currency used in trap

Mumbai Alert · City Desk
Mumbai Alert · City Desk
City Desk · Mumbai Alert News · Wed, 02 September 2026 at 06:17 pm
Mumbai Crime Branch Foils ₹11 Crore Extortion Plot

The Anti-Extortion Cell of the Mumbai Crime Branch has arrested five people for allegedly demanding ₹11 crore in extortion from a developer involved in a redevelopment project in Bandra West. The accused allegedly threatened the developer in the name of the Chhota Rajan gang.

The arrested accused have been identified as Daniel Steven, Ethel Steven, Nazir Sheikh, Abdullah Khan, and Remy Fernandes. According to the police, the accused initially demanded ₹25 lakh from the developer as an instalment of the extortion amount.

The police laid a trap for the accused by placing 50 bundles of fake currency notes bearing the words “Children’s Bank of India” inside a bag. To make the bag appear to contain real currency, genuine ₹500 notes were placed on the top and bottom of the bundles.

When the accused arrived to collect the extortion amount, they accepted the bag and were immediately intercepted and arrested by the police team. The Crime Branch has launched a further investigation to determine whether the Chhota Rajan gang's name was used merely to intimidate the developer or whether the accused had any actual links with the underworld network.

The police are also searching for other suspected accomplices who may have been involved in the extortion plot. The use of fake currency notes in the trap was a clever move by the police, which helped them to catch the accused red-handed.

The redevelopment project in Bandra West is a significant one, and the extortion attempt could have had serious consequences for the developer and the project. The police action has sent a strong message to those involved in such criminal activities.

The Chhota Rajan gang has been involved in various criminal activities in the past, and the police are taking all necessary steps to investigate any possible links between the accused and the gang. The investigation is ongoing, and more details are expected to emerge in the coming days.

The arrest of the five accused is a significant achievement for the Mumbai Crime Branch, and it highlights the effectiveness of the police in dealing with such criminal activities. The police are committed to ensuring the safety and security of citizens, and they will continue to take all necessary steps to prevent such extortion attempts in the future.

In conclusion, the foiling of the ₹11 crore extortion plot is a major success for the Mumbai Crime Branch, and it demonstrates the police's ability to deal with complex and sophisticated criminal activities. The investigation is ongoing, and the police are working to uncover any possible links between the accused and the underworld network.

Frequently asked questions

What was the amount of extortion demanded by the accused?

The accused demanded ₹11 crore in extortion from the developer.

How did the police catch the accused?

The police used fake currency notes in a trap to catch the accused red-handed.

mumbai crime branchextortionbandrachhota rajan gang
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