Power Star Srinivasan arrested for fraud!

Last Updated: Sat, Sep 15, 2012 08:35 hrs

'Power Star' Srinivasan has been arrested by the Chennai Police on charges of "cheating a businessman", G U Balasubramaniyam of UBS International.

Balasubramaniyam had approached the actor seeking Rs 10 crore to help him expand his business. Srinivasan told Balasubramaniyam that he would charge 5 per cent as service charges, and took Rs 65 lakh from him.

However, Srinivasan did not release the funds and kept dodging the businessman. He even threatened Balasubramaniyam with a gun. 

It was at this stage the businessman approached City Police Commissioner J K Tripathy and the police apprehended Srinivasan. 

Police also said two similar cases of "cheating" are pending against the actor.

Srinivasan's claim to fame in Kollywood is that he acted and directed in a film, Lathika, and screened it in a single screen theatre for 100 days! 

Later, he formed fan clubs and started calling himself 'Power Star'. 

Srinivasan is now working in a comedy film, Kanna Laddu Thinna Asai, in which Santhanam is the hero.