Meaning of “extortion racket” in the English Dictionary

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"extortion racket" in Business English

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extortion racketnoun [ C ]

uk us

an organized illegal activity in which a person or group tries to get money from someone by using force or threats:

Ten people have been arrested on charges of running an extortion racket in the town.

(Definition of “extortion racket” from the Cambridge Business English Dictionary © Cambridge University Press)