Sandeep Sahoo had allegedly called Bhatt many times, introducing himself as gangster Babloo Shrivastav, alleged former aide of Dawood Ibrahim, and demanded Rs 50 lakh from him.
He threatened to kill Bhatt, his wife Soni Razdan and their daughter Alia Bhatt if he did not meet his demand, police said.
After Bhatt filed a complaint, police traced the caller's whereabouts and informed the Special Task Force of Uttar Pradesh Police which arrested Sahoo from Lucknow.
Sahoo allegedly told the police during interrogation that he had visited Mumbai sometime ago and tried to find work in Bollywood. He had sent WhatsApp messages to Shah Rukh Khan, Akshay Kumar and a few others seeking help, he told police.
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