2013 Kerala solar panel scam

The 2013 Kerala solar panel scam refers to a major financial scandal in India involving fraudulent activities ostensibly perpetrated by solar energy promoter Saritha S. Nair and others, leading to significant financial losses for investors in the state of Kerala. The scheme, which began in 2012, lured investors with promises of high returns from solar energy projects, capitalizing on the state's push for renewable energy. As the scam unraveled, allegations surfaced regarding the misappropriation of funds and large-scale deception. The controversy escalated into a political issue, implicating several high-profile politicians and officials. The ensuing investigations led to arrests and a broader discussion on regulatory oversight in India's renewable energy sector.