A rogue pedicab driver tried to charge tourists £580 to take them from Oxford Street to Old Street, it can be revealed.London’s walking and cycling commissioner Will Norman said he had witnessed the attempted “extortion” as he outlined the latest moves to crack down on the cycle rickshaws, which proliferate at night in the West End.Mr Norman said there was currently an “unregulated, chaotic situation”, with concerns about safety and passengers being “cheated” out of money due to extortionate fares.He told The Standard: “I saw the other day some tourists getting into an argument with a pedicab driver who had tried to charge these people £580 from Oxford Circus to Old Street. Thai is a 17-minute bike ride. £580? That is unacceptable. We cannot have that level of extortion on our streets.”Transport for London hopes to introduce new rules “early” next year.