Kerala, Feb 2 : In Kerala’s Thodupuzha region, Ananthu Krishnan has been arrested for allegedly orchestrating a massive financial fraud under the guise of Corporate Social Responsibility (CSR) initiatives. Following his arrest, numerous complaints have surfaced from various districts, indicating a widespread scam. An audio message attributed to Ananthu is also circulating, urging individuals not to file complaints.

Ananthu allegedly promised women empowerment by offering two-wheelers, sewing machines, and household appliances at half price, claiming support from central government schemes and major companies’ CSR funds. He reportedly collected over ₹300 crore through 62 ‘Seed Societies‘—women’s self-help groups organized at the block level. Initially, he delivered products like laptops and scooters at reduced prices to gain trust. By involving prominent social and political figures in events, he enhanced his credibility, leading to substantial financial gains.

Authorities had prior intelligence about the fraudulent activities and have frozen Ananthu’s bank accounts in Ernakulam. NGOs collaborating with his societies are also under scrutiny. Following his arrest, victims from regions including Muvattupuzha and Nedumkandam have filed complaints. An audio message, purportedly from Ananthu, has surfaced, advising coordinators to prevent further complaints to facilitate his release. Police are verifying the authenticity of this message.

Investigations reveal that Ananthu has high-level political connections and employed a chain marketing model for the scam. This is not his first offense; he was previously arrested in 2019 for another financial fraud. Currently, separate First Information Reports (FIRs) are being registered for each complaint, citing charges of economic fraud and deception. Given the scale of the fraud, involving over ₹300 crore, agencies like the Crime Branch are expected to take over the investigation. The Muvattupuzha police plan to file a custody application for Ananthu.