Tamil actor Powerstar Srinivasan was recently arrested by the Delhi Police on Wednesday, July 30, in connection with a Rs 1000 crore loan fraud case. The actor, who reportedly had been skipping court hearings since 2018, was arrested by officials of the Economic Offences Wing (EOW).

Srinivasan arrested 

As per reports, Srinivasan has been accused of taking a commission of Rs 5 crore from a businessman, in exchange for a promise of arranging Rs 1000 crore loan through financial institutions. However, even after paying the commission, the businessman reportedly did not receive the loan amount. That is when he filed a police complaint.

Reports also mentioned that the actor had been summoned by the court multiple times since 2018 in connection with the case; however, he skipped all of them and did not show up for the hearings. During the investigation, the officials discovered that around six fraud cases had been registered against the actor in Chennai in the past few years.