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AII-1002-50881
Under investigationA regulator, court or police has opened a formal inquiry and reached no finding yet.

Bengaluru residents scammed via deepfake videos of industrialists

Two Bengaluru residents lost approximately Rs 95 lakh after being deceived by deepfake videos of prominent businessmen Narayana Murthy and Mukesh Ambani that promoted fraudulent investment schemes on Facebook. Police have registered cases and investigations are ongoing.

3 November 2024 · Bengaluru Police · Fraud, scams and manipulation
3 November 2024

Drafted by Raidu Incident Detection, an automated system.

AII-1002-508818 sources ↓
Quick facts
Category
Fraud, scams and manipulation
Country
India
Source
The Times of India
Date
3 November 2024
Drafted by
Raidu Incident Detection

What happened

Scammers used deepfake videos purporting to show Infosys Co-founder Narayana Murthy and Reliance Industries Chairman Mukesh Ambani promoting investment in 'FX Road' on Facebook. Two Bengaluru residents clicked on suspicious links to counterfeit websites after seeing the fake videos and invested large sums of money in the fraudulent platform.

Reported impact

Two residents lost Rs 95 lakh collectively. The victims received no returns on their investments.

Index analysis

Neither victim verified the authenticity of the content before connecting to the fake platforms. The fraudsters offered deceptively attractive returns to lure the victims into dubiously promising ventures.

Governance controls

Police registered cases at CEN South police station and investigations are ongoing to track the perpetrators.

Classification

Category
Fraud, scams and manipulation
Industry
Financial and insurance services
Country
India
Harm status
Actual harm
Intent
Intentional
Timing
Unknown
Harm types
Economic or property
Harmed
Consumers
Failure modes
Deepfake video, Manipulation or dark pattern
Consequences
Police investigation
AI systems
Deepfake video generation technology

Sources and evidence

This record was researched and written by the Index, based on the following original reporting.

The Times of India
Bengaluru Residents Lose Rs 26L to NRN and Ambani Deepfake Scams | Bengaluru News - Times of India
3 November 2024
Inshorts - Stay Informed
2 B'luru residents lose ₹26 lakh in Murthy, Ambani deepfake scam
4 November 2024
Devdiscourse
Cyber Fraud Exploits Fake Videos of Business Icons | Law-Order
4 November 2024
TimesNow
2 Bengaluru Residents Fall Victim Of Deepfake Videos Of Narayana Murthy and Mukesh Ambani, Lose 90 Lakhs
4 November 2024
The Tribune
How fake videos of Narayana Murthy, Mukesh Ambani lure investors into Rs 95 Lakh cyber fraud - The Tribune
4 November 2024
The Indian Express
Deepfake videos of Narayana Murthy, Mukesh Ambani: Bengaluru residents lose Rs 87 lakh in trading scam
5 November 2024
MoneyControl
Two Bengaluru residents lose Rs 83 lakh to deepfake videos of top industrialists
5 November 2024
newsR
Two fall prey to Narayana Murthy and Mukesh Ambani's deepfake videos, lose Rs 80 lakh: Report
5 November 2024
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