In this gripping new episode of FinCrime Jobs AML, KYC & Compliance Insights, we unravel one of the most shocking financial crime stories of recent times—the ₹500 crore CSR scam in Kerala that duped over 40,000 unsuspecting citizens with fake promises of laptops, scooters, and jobs at “half price.”

Based on our in-depth article “Kerala ₹500 Crore CSR Scam: Ponzi Scheme Duped 40,000 With ‘Half-Price’ Scooters & Laptops,” this podcast episode breaks down the anatomy of an elaborate Ponzi scheme disguised as a Corporate Social Responsibility (CSR) initiative. Learn how a seemingly generous scheme snowballed into a major financial fraud, luring victims with the promise of social upliftment and affordable electronics—while laundering hundreds of crores behind the scenes.

🔍 What You’ll Learn in This Episode:

1. The Origin of the Scam: A Fake CSR Model
The fraudsters cleverly capitalized on the rising trust in CSR-backed programs. Claiming to partner with leading Indian corporations and government departments, the masterminds launched an NGO promising scooters, laptops, and skill training programs at a 50% discount to low-income families and students in Kerala.

2. A Mass-Scale Deception: 40,000+ Victims
From homemakers and students to auto drivers and job seekers, over 40,000 individuals across Kerala fell prey to this slick scheme. We detail how people were made to pay an upfront fee through digital payment platforms and how these promises were backed by forged documents and fabricated government approvals.

3. Ponzi Mechanics: New Victims Funded Old Ones
Classic Ponzi mechanics were at play. The fraud ran smoothly at first, with early victims receiving products to build trust. As momentum grew, new investments were used to fulfill older promises—until the entire system collapsed under its own weight.

4. Role of Shell Entities and Fake NGOs
At the heart of the scam were fraudulent NGOs created to impersonate CSR intermediaries. We examine how multiple shell organizations were floated to distribute money, obscure financial trails, and avoid detection from regulators.

5. Financial Crime Red Flags Ignored
Why did the banks, digital wallets, and payment gateways fail to raise alarms despite massive irregularities? We explore how insufficient transaction monitoring and unchecked KYC failures contributed to the scam’s success.

6. Investigations, Arrests & Lessons
Hear how Kerala police’s cybercrime unit eventually tracked down the ringleaders, what charges were filed, and what recovery efforts are underway. We also spotlight the financial crime prevention lessons for regulators, corporates, and citizens.

This isn’t just a local scam—it’s a national wake-up call. If you’re working in AML, fraud investigation, digital payments, or corporate governance, this episode is essential listening.

🎧 Tune in now to get the full breakdown, and don’t forget to:
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