However, the accused neither arranged the loan nor returned Rs five crore." During investigation, it was found that the accused was arrested in June 2013.
An actor and director of Tamil film industry who made films from the money gained out of cheating people has been arrested, police said today.
“Srinivasan alias ‘power star’ was arrested in Chennai and a transit demand was obtained from a local court in Chennai to bring him back to Delhi,” Additional Commissioner of Police (Economic Offences Wing) Arun Kampani said. Based on a complaint filed by a Delhi-based businessman in 2013, the officer said, “In December 2010, Srinivasan took an upfront payment of Rs five crore for purchase of special adhesive stamp from the complainant promising him a loan of Rs 1,000 crore. However, the accused neither arranged the loan nor returned Rs five crore.” During investigation, it was found that the accused was arrested in June 2013.
“But Srinivasan who got interim bail granted in September 2013 jumped it. He was later declared ‘Proclaimed Offender’ in April 2015,” Kampani said.
“The accused used the money in film production,” said the officer.
Srinivasan, who is an Acupuncture doctor by profession, has acted in around 12 Tamil films and had made guest appearances in a few films.
“The accused is involved in eight cases of cheating and criminal intimidation registered against him and being investigated in Delhi and Central Crime Branch in Chennai,” said Kampani. PTI CPB SMJ 03090123