Mumbai, April 24: The Bombay Stock Exchange (BSE) has issued a critical warning to investors regarding a fraudulent deepfake video circulating online. The video falsely depicts the company’s Managing Director and CEO, Sundaraman Ramamurthy, giving misleading stock market advice.
The exchange clarified that this video is entirely fabricated and created using deepfake technology. It makes false promises, claiming substantial profits in a short period.
In the video, viewers are urged to invest in specific stocks and join WhatsApp or Telegram groups that allegedly provide “exclusive tips.”
This incident marks the fourth occurrence of such fraudulent activity in the past four months, indicating a troubling trend of repeated scams targeting investors.
BSE stated that scammers are exploiting public trust to target unsuspecting investors.
The exchange reiterated that neither CEO Ramamurthy nor any official from BSE ever provides investment advice or operates messaging groups. The content is entirely fake and fraudulent.
BSE has urged investors not to trust or share such videos, messages, or links. For accurate information, they should rely solely on BSE’s official platforms and channels registered with the Securities and Exchange Board of India (SEBI).
The exchange is actively conducting awareness campaigns under SEBI’s directives to protect the public from fraudulent schemes, misleading investment advice, and threats posed by so-called “finfluencers.”
BSE is taking swift action to remove this fake content and will pursue strict legal measures against those responsible.
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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