AI Fake Video Scam Costs Haveri Man Over Rs 22 Lakh

A Haveri resident has reportedly lost more than Rs 22 lakh in a cyber fraud after falling for an investment advertisement that used an AI generated video featuring Union Finance Minister Nirmala Sitharaman.

The incident highlights how quickly cybercriminals are using artificial intelligence to make fake videos involving well known public figures. Such clips are increasingly appearing across Facebook, Instagram and short video platforms, where they can look convincing enough to mislead viewers.

In this case, the victim came across an advertisement promoting an investment opportunity under the name bxb Market. The video appeared to show Nirmala Sitharaman promoting the scheme and promising unusually high returns.

The advertisement reportedly claimed that an investment of just Rs 22,000 could generate double or triple returns, with earnings of up to Rs 25 lakh. Believing the claims, the victim followed a trading link connected to Telegram.

The fraud did not stop with a single payment. The victim reportedly transferred money in several instalments through RTGS and IMPS. The total amount eventually crossed Rs 22 lakh, but the promised returns never arrived.

A complaint has now been registered with the Haveri Cyber Crime Police Station.

Police have also urged people to be particularly careful with investment advertisements shared through social media. Haveri district police officials warned that suspicious links should not be opened and banking details or OTPs should never be shared with unknown callers.

The case also shows why videos featuring celebrities, ministers and other prominent personalities cannot automatically be treated as genuine. With AI tools capable of creating increasingly realistic faces and voices, viewers may find it difficult to identify manipulated content simply by watching the video.

Cyber fraudsters have reportedly used the identities of several prominent personalities, including Prime Minister Narendra Modi, Nirmala Sitharaman and Rajya Sabha MP Sudha Murty, to make investment schemes appear trustworthy.

Residents have called for stronger action against groups creating and circulating such fake videos. They have also urged authorities to identify fraudulent applications and online channels being used to target unsuspecting investors.

For users, the basic warning remains simple. A video promising quick or guaranteed profits should be treated with suspicion, especially when it directs viewers to an unfamiliar trading platform or messaging group. Checking the investment company through official sources before transferring money can help prevent serious losses.