Power Star arrested for defrauding amount of Rs 50 lakhs

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Friday, Apr 26, 2013

Power Star arrested for defrauding amount of Rs 50 lakhs

Power Star Srinivasan rose to heights of fame within a short period.  But now, he is paying back for his greed.

Power Star Srinivasan turned popular comedy actor through movies as ‘Kanna Laddu Thinna Aasaiya’ and ‘Onbathula Guru’.  Already Power Star had done movies as ‘Ananda Thollai’ and ‘Lathika’. He made his movies run in theatres by giving money. 

There are many fraud cases in pending against Power Star.  It is reported that he defrauded huge amount and purchased properties during the last ten years.  Among those properties, Power Star sold two and got an amount of Rs 40 crore. Power Star has taken about ten movies with the money. 

One among the plots that Power Star sold off is in Vanagaram.  He seems to have raised a departmental store in area measuring about 2000 Square Feet with intention of concealing black money. 

There are cases in pending against Power Star Srinivasan including cheque frauds.  A Namakkal court issued arrest warrant to nab Power Star in cheque fraud case filed by industrialist from Thiruchengodu. 

In a similar fashion, Ganesh Kumar from Madurai has filed cheque fraud case in which he has accused that Srinivasan defrauded Rs 9 lakhs.  As Power Star Srinivasan did not appear in court, Madurai Magistrate Court issued order to arrest him and present him in the court. 

Following the issuance of order, Power Star appeared in Madurai Magistrate Court the last 8th.  So, the arrest warrant was cancelled.  Today, Power Star has been arrested in a fresh money fraud case. 
The details are as follows: -

Ranganathan, aged 60, is a hotel owner from Ongole, Andhra.  He had borrowed money from many to enhance his business.  Then, two agents met him.  One is from Chennai and another is from Andhra.  These agents promised that they would get loan for Ranganathan from people they know.  Both of the agents introduced Ranganathan to Power Star Srinivasan. 

Power Star said that he would get loan of Rs 20 crores and that Ranganathan needs to give him commission of Rs 50 lakhs.  Ranganathan conceded Power Star’s demand.  As per the agreement, Power Star Srinivasan received Rs 50 lakhs and signed the agreement form. 

The agreement was made the last 2012.  But, Power Star did not get loan as promised.  Also, he did not return the commission he received.  Ranganathan, who was taken aback, filed complaint petition with Chennai Police Commissioner.  In the complaint petition, Ranganathan mentioned that Power Star has defrauded the amount and is also forwarding threats. 

Investigation was held into the case supervised by Crime Branch Deputy Commissioner Sivakumar, Assistant Commissioner Sridhar, and Sub-Inspector Muthukumar.  Early this morning, Crime Branch Police arrested Power Star Srinivasan near Saligramam, Chennai.  Cases under three sections have been filed against Power Star. 

Police grilled Power Star in the Commissioner Office.  Then, Power Star was presented in Metropolitan Magistrate Court.  As magistrate issued order to put him into custody, Power Star was imprisoned in Puzhal Prison. 

Police investigations have thrown light on several other frauds by Power Star.  Police have said that those who have been cheated could file complaint and nobody should be taken in by tall promises.

Tags: power star arrested for defrauding amount of rs 50 lakhs, Actor Power Star Tamil movies.

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