Mumbai
India’s leading stock exchange BSE Limited has issued a fresh warning after a fourth deepfake video surfaced online, falsely showing its Managing Director and CEO Sundararaman Ramamurthy giving stock market tips and investment advice.
The exchange clarified that the video is completely fabricated and malicious, using advanced deepfake technology to mislead viewers with promises of guaranteed and unusually high returns. It also reportedly encourages users to invest in select stocks and join private groups on messaging platforms like WhatsApp and Telegram for “exclusive” tips.
BSE noted that this is the fourth such incident in just four months, pointing to a growing pattern of scammers exploiting the credibility of trusted financial institutions and their leadership. The exchange stressed that neither its CEO nor any official provides stock tips or runs advisory groups on social media or messaging apps.
Reiterating its advisory, BSE urged investors to avoid engaging with or sharing such content and to rely only on official communication channels and intermediaries registered with Securities and Exchange Board of India.
The exchange also highlighted its ongoing investor awareness campaigns under SEBI’s guidance, aimed at combating fraudulent schemes and the rising influence of misleading “finfluencers.” It added that steps are being taken to remove the fake content and initiate strict legal action against those responsible.
The warning underscores the increasing use of AI-driven deception in financial scams and the need for heightened vigilance among investors.