Fake union official arrested in Thane; demanding Rs 5 lakh extortion from businessman

Thane police arrested Ghanshyam Sitaram Naik, posing as a Mathadi union member, for allegedly extorting Rs 5 lakh from a businessman. Naik threatened to halt material transport to company sites in Thane and Mumbai unless protection money was paid. He was caught red-handed accepting the money and is now in police custody, with investigations ongoing for similar offenses.