A 26-year-old man from Kerala has been arrested for allegedly defrauding the public of over Rs 20 crore. The accused, Anandu Krishnan, falsely claimed to have access to corporate CSR (Corporate Social Responsibility) funds and promised discounted goods such as scooters and home appliances.
Krishnan created a fake society and several consultancy firms to convince people to invest in exchange for these discounted products. He claimed to manage CSR funds for numerous companies, a statement he later admitted to be completely false during police questioning.
Authorities have filed multiple cases of cheating against Krishnan, revealing that his fraudulent operations spanned several districts across the state. The investigation into his activities is ongoing, with authorities also examining possible political connections linked to the scam.
