The Economic Offences Wing (EOW) of Mumbai police arrested Bollywood producer Prerna Arora for allegedly cheating film-maker Vashu Bhagnani of a sum of Rs 32 crore, a senior official said Saturday.

According to the official, Arora had taken money from Bhagnani's firm Pooja Entertainment for exclusive rights of a film. The official said that Arora had, similarly, taken money from multiple investors promising each of them exclusive rights to the same film.