Scooters, laptops & lies: Kerala’s Rs 500 cr half-price hoax swindles 40k people

Ananthu Krishnan’s elaborate Ponzi scheme disguised as a CSR initiative duped 30,000-40,000 people in Kerala, amassing Rs 500 crore. Marketed as support for women, the fraudulent scheme promised scooters, laptops, and other goods at steep discounts. Police intervention uncovered the extent of the scam, implicating influential figures.

​Ananthu Krishnan’s elaborate Ponzi scheme disguised as a CSR initiative duped 30,000-40,000 people in Kerala, amassing Rs 500 crore. Marketed as support for women, the fraudulent scheme promised scooters, laptops, and other goods at steep discounts. Police intervention uncovered the extent of the scam, implicating influential figures.