BJP Protests Outside Minister K. Krishnankutty's Office Over Alleged CSR Fund Scam
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Synopsis
On February 17, BJP activists protested outside the office of Kerala's Electricity Minister K. Krishnankutty, alleging a massive CSR fund scam. They accused his staff of promoting a fraudulent scheme that deceived thousands by promising high-value products at discounted prices.
Key Takeaways
- BJP protests against K. Krishnankutty
- Allegations of a Rs 1,000 crore CSR scam
- Victims lured by promises of cheap products
- Krishnan's scheme attracted 25,000 investors
- Kerala Police's Crime Branch investigating
Palakkad, Feb 17 (NationPress) BJP activists conducted a demonstration outside the office of the state Electricity Minister K. Krishnankutty regarding the purported Corporate Social Responsibility (CSR) fund scam.
The demonstrators accused a staff member from the minister’s office of soliciting individuals to participate in a scheme promoted by Anandhu Krishnan (26), who allegedly enticed victims with promises of high-value items such as scooters, laptops, and sewing machines at half the market rate.
They asserted that Krishnan’s aggressive marketing tactics persuaded many to invest their savings in what seemed to be an enticing offer.
“Krishnan successfully recruited numerous individuals as agents and provided them with a fee for each transaction made by the agent,” they stated.
The protesters, who marched towards Krishnankutty’s office, demanded his resignation as minister due to the involvement of an agent linked to the scam in Palakkad district, who was part of his staff.
The Kerala BJP has claimed that there is a Rs 1,000 crore Corporate Social Responsibility (CSR) fund scam in the state, with several additional cases registered throughout.
Krishnankutty has refuted all claims, labeling them as ‘baseless’.
On Monday, Krishnan, whose judicial custody had concluded, was presented in a court in Ernakulam district. The police investigation team requested five days of custody; however, the court approved only two days.
The police investigation team informed the court that Krishnan maintained 21 bank accounts, with transactions totaling Rs 548 crores occurring in 11 of these accounts.
It was also revealed that he had amassed Rs 143.50 crores from nearly 25,000 individuals, promising them two-wheelers at half the market price.
The investigation team is still working to determine the whereabouts of this missing money and informed the court that these findings are preliminary, necessitating additional time for further investigation.
The Crime Branch division of the Kerala Police is examining the case and has filed over 500 cases of fraud.
