What is the BSE CEO deepfake video about?

A fraudulent deepfake video falsely features the BSE CEO giving stock recommendations and investment advice with misleading profit promises.

What action is BSE taking against the deepfake video?

BSE is working to remove the fake content from social media and pursuing legal action against those responsible.

Should investors trust stock tips from social media videos?

Investors should never rely on unofficial social media videos for investment advice and should only trust official sources.

Home / Business and Economy / BSE CEO Deepfake Sparks Investor Alert

BSE CEO Deepfake Sparks Investor Alert

12 Jan

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Summary

BSE CEO's deepfake video falsely gives stock recommendations on social media.
The fraudulent video promises super-normal profits and directs users to WhatsApp.
BSE is taking legal action and seeking removal of the fake content.

BSE Limited, India's premier exchange, is alerting investors to a malicious deepfake video circulating on social media. The fabricated content falsely impersonates Managing Director & CEO Sundararaman Ramamurthy, offering purported stock recommendations and investment advice, with promises of substantial profits by 2027. This unauthorized video also urges viewers to join a specific WhatsApp channel, a tactic designed to deceive the public.

The exchange has clarified that neither the CEO nor any BSE official provides stock tips or investment advice through any unofficial channels, including social media groups. The doctored video is a deceptive use of deepfake technology, containing misleading claims and false promises to lure unsuspecting investors. BSE is committed to protecting its stakeholders from such fraudulent activities.