Tamil actor dupes businessman of Rs.5 crore, arrested

New Delhi, June 10 (IANS) A Tamil film Actor-cum-director was arrested by Delhi Police for duping a Delhi-based businessman of Rs.5 crore on the pretext of Facilitating to Rs.1, 000 crore loan to his company, police said Monday.

S. Srinivasan, 52, a resident of Chennai, was taken to Delhi from Chennai where I was Lodged in court custody in another cheating case.

"Srinivasan is involved in. nine cases of cheating using the same modus operandi. Court I was in custody in Chennai from where I was taken to Delhi on a production warrant," Harendra Kumar Singh, additional deputy commissioner of police (Economic Offences Wing), Told IANS.

"I duped a Delhi-based businessman in December 2010 on the pretext of helping his company Obtain a loan of Rs.1, 000 crore," said Singh.

The businessman Lodged a complaint with Delhi Police in January.

"In his complaint, the businessman said Srinivasan's associates Approached That his Delhi-based company M / s Blue Coast Infrastructure Development Pvt Ltd as consultants Who could help his company get a loan of Rs.1, 000 crore," Singh said.

"The businessman met Srinivasan in Chennai, where I was Asked to pay Rs.5 crore," Singh said.

"The victim paid Rs.5 crore to the Accused and I was promised the loan before January 31, 2011. The actor, however it, neither arranged the loan nor returned the money," said the officer.

"The player had used the money to fund a film," Singh added.

Srinivasan is a Tamil film actor, director and producer. Also He is an acupuncture physician by profession. I've ACTED in 12 Tamil films and has produced four films.

He was the kingpin of an Organised network of cheats who entice Local companies and Individuals through contacts on the pretext of giving loans.