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Kerala Kaumudi Online
Thursday, 10 July 2025 1.58 PM IST

Half-priced scam case: Ananthu Krishnan is prima facie guilty, rejects bail plea

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KOCHI: The court rejected the bail plea of Ananthu Krishnan, the accused in the case of defrauding people of several crores by promising scooters, sewing machines, home appliances, and laptops at half price. His bail plea was rejected by the Muvattupuzha Judicial First-Class Magistrate Court.


The court observed that Ananthu is prima facie guilty and if granted bail, there is a possibility of destroying evidence. The court pointed that there are cases against Ananthu Krishnan in other stations as well.


The biggest fraud the state has ever seen was unraveled by a complaint filed by Jumana Nassar of Muvattupuzha, to the chief minister. The chief minister's office also sought detailed information about the incident from the Muvattupuzha police. The story of the fraud came to light through an investigation conducted by sub-inspector P C Jayakumar and his team under the supervision of inspector Basil Thomas.


Jumana did not lose money. She demanded to investigate the transparency of the half-priced scheme as a matter of public interest. During investigation, the Muvattupuzha police froze the present account of Rs 3.5 crore in the Ernakulam branch of HDFC Bank, owned by Ananthu Krishnan's firm Professional Services Innovation. They also stopped the flow of money into it. Complaints poured in after the arrest of Ananthu Krishnan.

TAGS: CRIME, HALF PRICED SCAM, ANANTHU KRISHNAN, PRIMA FACIE, GUILTY, REJECTS, BAIL PLEA
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