PIB Fact Check on Monday flagged concerns to internet users of an AI-manipulated video of Finance Minister Nirmala Sitharaman.
The clip suggests an investment scheme that promises to earn Rs 60,000 in 24 hours and Rs 10 lakh per month.
The fact-checking unit of the PIB stated the video to be fake as it is misleading, and it has been digitally altered.
The PIB Fact Check said in an official post on X, “A video on Facebook falsely shows Union Finance Minister @nsitharaman promoting an ‘investment program’ that promises easy daily income. The Finance Minister or the Government of India has NOT launched or endorsed any such scheme.”
PIB urged people not to fall for such get-rich-quick traps.
First, verify any such claims before taking any financial action.
PIB added, “Don’t fall for such get-rich-quick traps! Stay alert. Stay informed. Verify before you share.”
According to PIB, to identify such fake videos, one should look for distorted lips or unnatural voice sync in videos and check if the date, background, or logo seems mismatched.
Additionally, one should always verify links as official government domains.
Always end with .gov.in and search for the claim on trusted sources before sharing
Earlier, last week, the BSE warned investors about miscreants using BSE officials’ photos,
These photos were used to create fake social media IDs to spread misleading financial advice.
The stock exchange said in a statement, “It has come to the attention that photos of senior BSE officials are being used to create fake social media IDs. The IDs created claim to provide a wealth advisory solution to mislead gullible investors.”
BSE officials are allowed to initiate or endorse any wealth management or advisory services in any capacity.
However, investors should not be misguided by such fake misrepresentations.
The stock exchange said, “Investors are urged not to rely on any stock/share recommendation from any such fake social media handle and verify the source of communication before making any investment decisions.”
Additionally, the BSE recommended that investors only deal with registered intermediaries.
Whose lists are accessible on the websites of SEBI and the BSE can invest without any risk.
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