An extortion bid involving a significant amount of money has been foiled. Five individuals, including a man named Rajan, have been arrested in connection with the incident. The extortion attempt was related to a property, with the suspects allegedly seeking Rs 11 crore.

Further details about the case are available from the source. The property in question is located in Bandra.

The arrests mark a development in the case, but additional information about the circumstances surrounding the extortion bid is not provided here.