Well-known Tamil cinema actor 'Powerstar' Srinivasan was arrested on Friday, for allegedly cheating a person of a huge amount of money.
Srinivasan, 50, was arrested on Friday morning on a complaint from P S Ranganathan of Prakasam district in Andhra Pradesh, a police release in Chennai said.
Ranganathan alleged that Srinivasan took Rs 50 lakh as commission from him with a promise to secure a loan of Rs 20 crore. However, neither the loan was made available nor did the actor return the amount, says police.
The actor has been remanded to custody, police said, adding he was found to have cheated some more people. He was arrested by the Central Crime Branch of Chennai police.
Srinivasan, popularly known as 'Powerstar' in film circles and among his fans, last featured in the hit Tamil comedy, Kanna Laddoo Thinna Aasaiya recently.