Kochi, Feb 9 : The Muvattupuzha police on Sunday escorted Ananthu Krishnan, the primary accused in the multi-crore CSR fund scam, to four different locations, including his residence and office in Kochi, for evidence collection. According to Manorama News, the accused will also be taken to a flat in Kalamassery as part of the ongoing investigation. During the search, police recovered several documents from his office, Socialbee Ventures, in Kadavanthra.

Accusations of Large-Scale Fraud

The 26-year-old Thodupuzha native is suspected of orchestrating a ₹800 crore scam, allegedly deceiving people through a half-price offer scheme. During interrogation, he claimed to have distributed money to Sai Gramam Global Trust Chairman K.N. Anand Kumar and several politicians in the state. He further stated that he would disclose the names of the politicians at a later stage.

Modus Operandi of the Scam

Ananthu Krishnan is accused of duping people by offering laptops, scooters, and home appliances at half the market price. By leveraging his connections with voluntary organizations and local representatives, he falsely convinced people that these benefits were funded by Corporate Social Responsibility (CSR) programs from various companies.

To execute the scam, he established the National NGO Confederation, misguiding NGOs, trusts, and local government bodies into promoting the fraudulent scheme. He collected partial payments from buyers, promising product delivery within 40 days, but neither delivered the goods nor refunded the money.

Complaints and Legal Action

The first complaint was filed by Paravur native Prameela, the treasurer of Seed Society, at the Muvattupuzha police station. Following this, Ananthu allegedly threatened to die by suicide after contacting her.

So far, around 600 complaints have been lodged against Ananthu Krishnan in multiple districts, including Kannur, Malappuram, Idukki, and Kasaragod.

– Kannur district alone has over 200 registered cases
– Malappuram reported approximately 147 cases