The accused has been identified as Arvind Kadyan, a small-time property dealer residing in west Delhi's Nangloi area, DCP (Special Cell) S K Yadav said.
According to police, the active presence of the gang first came to light when a Nangloi-based realtor, from whom the gang allegedly extorted Rs 40 lakh, approached the police in December 2015.
In his complaint, the realtor told the police that in December he was approached by a woman who wanted to sell an apartment.
The alleged extortionists demanded Rs 50 lakh from the realtor, who called up his brother-in-law and could manage Rs 40 lakh immediately.
Later, the case was transferred to the Special Cell and, based on a tip-off, a team tracked down Kadyan at southwest Delhi's Najafgarh area.
During interrogation, Kadyan told police that he worked under one Sandeep alias Rinku. The two of them allegedly extorted from the realtor with one Akash and the woman, who was roped in by Rinku.
In the second case, reported in December 2012, the members of the gang forcibly entered a room dressed as police officials but the modus operandi was all the same.
In another case, reported in May 2012, the gang had allegedly extorted Rs 3 lakh from a realtor based in west Delhi's Mundka area.
In this case, members of the gang, including one woman identified as Chandni, even shot a video of their target getting intimate with the woman who honey-trapped him.
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