The Enforcement Directorate on Wednesday said it has arrested B. Madan, producer of Chennai-based film production and distribution company Vendhar movies, for cheating people of Rs 91 crore on the pretext of providing admission in medical college in 2016.

Madan was arrested on Tuesday night under the Prevention of Money Laundering Act, following his day-long questioning at the ED office here. "He allegedly cheated over 100 parents of Rs 91 crore in the guise of providing admission to their wards in medical seats in Chennai-based SRM Group of Institutions," an ED official said.