Daijiworld Media Network - Mumbai

Mumbai, Jan 12: The Bombay Stock Exchange (BSE) on Monday issued a public caution after a fabricated deepfake video impersonating its Managing Director and CEO, Sundararaman Ramamurthy, began circulating widely on social media and messaging platforms.

In an official statement, the exchange clarified that the video, which appears to show Ramamurthy offering stock market tips and investment advice, is entirely fake and has been created using deepfake technology. BSE warned that the content is designed to mislead investors and lure them into fraudulent schemes.

“It has come to the notice of BSE Limited that a fraudulent deepfake video is being circulated on social media and messaging platforms, falsely featuring Sundararaman Ramamurthy, Managing Director & CEO, BSE, and claiming to provide stock recommendations and investment advice,” the exchange said.

The video reportedly makes deceptive claims about stock investments for 2026, promising exceptionally high returns. Viewers are encouraged to join a WhatsApp channel, with false assurances that they could become multi-millionaires within a short span of time.

According to BSE, the video contains misleading and untrue statements, projecting unrealistic profit expectations and attempting to exploit investor trust by using the identity of a senior exchange official.

The exchange categorically stated that neither Ramamurthy nor any BSE official offers stock tips or operates WhatsApp, Telegram, or similar messaging groups for investment advice. It emphasised that the circulating video is unauthorised and intended solely to deceive the public.

BSE has urged investors and the general public to ignore such videos, messages, and links, and to remain cautious of unsolicited investment advice circulating online. Investors have been advised to rely only on information disseminated through BSE’s official communication channels or through intermediaries registered with the Securities and Exchange Board of India (SEBI).

The exchange also said it is actively working to have the fake content taken down from online platforms and will initiate appropriate legal action against those responsible for creating and distributing the video.

Reiterating its commitment to investor protection, BSE called on the public to remain vigilant against deepfake-driven financial scams, stressing that the advisory has been issued to safeguard investors from potential fraud.