Scooters, laptops and home appliances at half price – this was the offer from the National NGO Confederation, floated by 26-year-old Ananthu Krishna from Kerala.
Thousands signed up for the scheme and made payments, but with last week’s arrest of Krishna, the “national coordinator” of the NGO confederation, it has unravelled as a multi-crore fraud, police sources said.
According to sources, the confederation was floated in 2022 by bring around 170 local NGOs together. The idea was that through these NGOs, the confederation would collect corporate social responsibility (CSR) funds from companies to cover half the cost of products that would be offered to those who avail the…