LONDON -- The search is still on for a road-rage jogger who shoved a woman into the path of a London bus.

The Metropolitan Police force said Saturday that a man arrested earlier this week has now been "eliminated from the investigation."

Eric Bellquist, a 41-year-old American investment banker, was apprehended Thursday on suspicion of being the man seen in blurry security camera video taken on London's Putney Bridge in May.

His lawyers later released a statement saying he was not involved and could prove he was in the U.S. at the time of the May 5 incident.

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The arrest came after police released surveillance camera footage of the incident, showing a jogger in shorts and T-shirt banging into a pedestrian, who tumbled in front of a double-decker bus. The bus stopped just before hitting the woman.

Police announced on Thursday that a 50-year-old man had been arrested at a home in the well-heeled Chelsea area of the city on suspicion of causing grievous bodily harm. He was later released on bail.

Police say "inquiries continue" to identify the jogger.