BSE warns of resurfaced deepfake video impersonating MD & CEO
The Bombay Stock Exchange warned investors of a deepfake video impersonating its CEO Sundararaman Ramamurthy that circulates on social media and falsely offers stock tips and investment advice. The fraudulent content has resurfaced multiple times and is designed to defraud the public by promoting false investment schemes.
What happened
The Bombay Stock Exchange issued a public advisory warning of a fraudulent deepfake video that falsely features Sundararaman Ramamurthy, the Managing Director & CEO of BSE, and claims to offer stock market tips and investment advice.
The video has resurfaced multiple times across social media and messaging platforms despite previous efforts to remove it. The fraudulent content promises extraordinary returns and invites viewers to join WhatsApp groups for stock tips.
Reported impact
The fraudulent video is intended to defraud the public by misleading investors with false claims and investment recommendations.
BSE stated that neither Ramamurthy nor any BSE official provides stock tips or investment recommendations, and that BSE officials do not operate or endorse WhatsApp, Telegram, or similar groups offering investment advice.
Governance controls
BSE is taking steps to remove such content, including working closely with law enforcement agencies and relevant platforms.
BSE advised investors to remain vigilant and only follow information from the official BSE website and verified BSE social media handles.
Classification
Sources and evidence
Sources not yet published
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