ED and CEIB Initiate Investigation into CSR Fund Fraud in Kerala
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Synopsis
The ED and CEIB are investigating a major CSR fund fraud in Kerala, involving Rs 800 crore. Ananthu Krishnan is the prime suspect, linked to numerous political figures. Authorities are collecting evidence to ensure accountability among all implicated parties.
Key Takeaways
- Investigation launched into Rs 800 crore CSR fraud
- Link discovered between suspect and political leaders
- 153 cases filed against the accused and associates
- Evidence suggests involvement of government officials
- Potential for the largest financial scam in Kerala's history
Thiruvananthapuram, Feb 9 (NationPress) The Enforcement Directorate (ED) and the Central Economic Intelligence Bureau (CEIB) have commenced an inquiry into the alleged Rs 800 crore corporate social responsibility (CSR) fund fraud in Kerala.
Initial assessments by the state police indicate that Ananthu Krishnan, the main suspect, has swindled at least Rs 800 crore through deceptive CSR initiatives. To date, authorities have filed 153 cases against Krishnan and his associates, with the investigation's scope expanding as more information comes to light.
The Kerala Police investigation team has discovered a concerning link between Krishnan and several political figures. Investigators disclosed that he provided financial support to approximately 50 political leaders across various parties.
In addition to direct donations to electoral campaigns, Krishnan allegedly financed numerous events organized by political groups.
However, the authorities have yet to reveal the names of the recipients, considering the possible impact on significant political parties within the state.
While gathering evidence, officials have recovered well-organized records that detail specific sums distributed to political leaders, ranging from lesser-known politicians to well-established figures.
These documents are anticipated to be crucial in the investigation.
In his statement to investigators, Krishnan asserted that K. N. Anandakumar, the Chairman of the NGO Confederation and a prominent social activist in Kerala, received Rs 10 lakh monthly from him. This claim has introduced a new layer to the case, prompting inquiries into the role of non-governmental organizations in the fraud.
Beyond politicians, the accused has also provided records of payments made to several government officials.
The police, equipped with solid evidence, are now focused on identifying all parties involved before pressing charges. Individuals directly implicated in the fraud, along with political leaders who facilitated Krishnan's deceitful activities, will undergo questioning.
As reported by Kerala Police sources, this could potentially be the largest financial scandal the state has ever experienced. As evidence gathering continues, authorities aim to ensure joint accountability in the matter.
