How Kerala man scammed Rs 500 crore from thousands of families by promising scooters, laptops and more

  • Posted on February 11, 2025
  • By Business News Today
  • 1 Views
How Kerala man scammed Rs 500 crore from thousands of families by promising scooters, laptops and more

Ananthu Krishnan's Ponzi scheme in Kerala falsely promising discounted scooters and household items as part of a CSR initiative has defrauded around 40,000 people of Rs 500 crore. The operation, masked with credibility through social media and associations with prominent figures, was eventually dismantled by police, revealing a sophisticated fraud affecting thousands of middle-class families.
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