Chennai: Tamil actor Srinivasan, popularly known as 'Powerstar' among his fans, was arrested Friday in a cheating case, police said.
Srinivasan was arrested after a police complaint was filed by Andhra Pradesh resident PS Ranganathan alleging that the actor cheated him of Rs 50 lakh on the pretext of helping him secure a loan of Rs 20 crore.
"He (Srinivasan) promised Ranganathan that he would secure him a loan of Rs 20 crore if he paid him a commission of Rs 50 lakh. Neither did he help him with the loan nor did he return the money he had charged as commission".
"He kept on dodging whenever he was asked to repay the money," an official of the Central Crime Branch of police here said.
Several such allegations have been made against Srinivasan, who is known for his work in Tamil films like 'Kanna Laddu Thinna Aasaya' and 'Onbadhula Guru'.
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