Gang leader Parag Gaikwad (22), Parag Dangi (19), Piyush Wandre (21), Sanjay Kharwade (33) and Suraj Kude, all from Hudekarshwar area, were arrested yesterday in connection with a number of chain snatching cases, police said.
They have committed about 21 chain snatching crimes so far.
Police has booked Gaikwad under the Maharashtra Control of Organised Crime Act (MCOCA) and Additional Commissioner of Police Anant Shinde signed the papers yesterday, they said.
A large number of people, including senior citizens and morning walkers, had been victims of chain-snatching incidents in the city in the past.
