PIB Warns Against Fake Video Claiming Finance Minister Endorsed Investment Scheme

The Press Information Bureau’s (PIB) fact-checking unit has issued a warning over a fake video circulating on Facebook, which falsely claims that Union Finance Minister Nirmala Sitharaman has endorsed a dubious investment programme.

The video suggests that an investment of ₹22,000 could yield daily earnings of ₹60,000 and up to ₹10 lakh per month.

Officials confirmed that scammers digitally altered the content as part of an online fraud.

Through its official handle, PIB Fact Check described the video as ‘too good to be true’ and categorically stated that it is fraudulent.

Taking to X, PIB Fact Check posted, “Chance to earn ₹60,000 in a day & upto ₹10 Lakhs in a month? Too Good to Be True !? Think Again !! A video circulating on Facebook claims that the Union Finance Minister @nsitharaman is promoting an investment program promising that an investment of ₹22,000 can help you earn up to ₹10 lakh per month!”

Authorities urged citizens not to trust such misleading advertisements or suspicious schemes that promise unusually high returns.

Finance Ministry Not Linked to Any Such Scheme

The government reiterated that Finance Minister Nirmala Sitharaman has never promoted or supported any such investment platform.

Officials emphasised that citizens should remain cautious and avoid falling prey to fraudsters exploiting digital platforms to spread misinformation.

The clarification comes as part of the government’s broader efforts to combat misinformation and scams that circulate widely through social media channels.

PIB further advised internet users to verify claims before believing or investing in any programme advertised online.

“Don’t fall prey to any such suspicious investment claims! Stay alert. Verify before you trust,” the post added.

Cybercrime experts warn that scammers often use doctored videos and images of public figures to mislead people into believing in the authenticity of fraudulent investment schemes.

Fake videos involving high-profile leaders have circulated online before. Fact-checking agencies and government authorities have repeatedly reminded citizens to cross-check the authenticity of such content before taking any financial decisions.

Officials have urged people to report suspicious posts and videos to cybercrime portals and refrain from sharing them further, as doing so amplifies misinformation.

The PIB fact check serves as a reminder that if investment offers appear too good to be true, they usually are.

Authorities advise citizens to rely on official government announcements and trusted financial institutions rather than dubious online schemes.

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