The man was accused of fondling the boy, after he was separated from his mother and his aunt in a supermarket car park.
Police suspect the pensioner of molesting several children in previous incidents.
Spotted: Jacqueline Fernandez in Bandra
Photos: Sharad Pawar spotted with granddaughter Revati
Photos: Sridevi's daughters Jhanvi, Khushi spotted at Mumbai airport
Photos: Govinda on sets of 'Indian Idol'
Photos: Priya Dutt, Smita Thackeray's day out with dogs
This is what Kareena expects from Saif Ali Khan!
Bollynews Fatafat: Ranbir replicates Sanjay in leaked look from biopic
'Aaj Ka Star Punch': KRK gets trolled by Swara Bhaskar
Exclusive: Kangana speaks about her tiff with Shahid!