Kochi: The Kerala High Court on Wednesday denied bail to KN Anand Kumar, Executive Director of Saigramam Charitable Trust, who remains in judicial custody in connection with the corporate social responsibility (CSR) fund scam. Justice P V Kunhikrishnan rejected the bail petition. A detailed verdict is yet to be released.

Anand Kumar is accused of financial dealings with the prime suspect, Ananthu Krishnan. They are accused of giving fraudulent promises to give scooters, laptops, and household appliances at half price, falsely claiming to use CSR funds.

The Crime Branch arrested Anand Kumar on March 11. He has maintained that he played no role in the alleged scam. During the bail proceedings, Anand Kumar’s lawyer cited certain health concerns. However, the High Court observed that medical bail would only be considered if the required treatment is unavailable within the prison facility.

A complaint filed by A Mohanan, secretary of the Kannur Seed Society, alleges that women members were defrauded of ₹2.96 crore under the pretense of discounted two-wheelers through CSR funding. The case, registered in Kannur, names seven accused, including Anand Kumar, on charges of cheating and criminal breach of trust.
(With Live Law Inputs)