AKD Securities warns of deepfakes impersonating its top executives, files NCCIA complaint

Fake social media accounts misuse identities of Aqeel Karim Dhedhi and Hina Junaid to solicit funds for unauthorised investment schemes

AKD Securities Limited has warned that unidentified individuals and groups are using AI-generated and deepfake videos featuring the name, photograph and voice of AKD Group Chairman Aqeel Karim Dhedhi and AKD Securities Chairperson Hina Junaid to solicit funds for fake and unauthorised investment schemes.

In a disclosure to the Pakistan Stock Exchange (PSX) and the Securities and Exchange Commission of Pakistan (SECP) on September 28, the company said fake accounts and pages had been created on social media platforms, including and potentially other online platforms.

According to AKD Securities, the content misuses the identities of Dhedhi, who is also a sponsor of the company, and Junaid through AI-generated or deepfake videos to solicit funds under fake and unauthorised schemes or advisory services for investing in listed securities and stocks.

The company said it was pursuing available legal remedies against those responsible and had filed a complaint with the National Cyber Crime Investigation Agency (NCCIA) on September 16.

It asked the agency to investigate the matter, register a case against the individuals and groups involved, and remove or block the fraudulent content from the relevant platforms.

AKD Securities categorically denied any connection with the fraudulent content, accounts, callers, websites or applications promoting such claims. It said neither Dhedhi nor Junaid, AKD Securities or any other entity within the AKD Group had launched, endorsed, , authorised or otherwise been associated with any such investment scheme, platform, account, page or group.

The company said it had also placed a public caution notice on its official website to alert stakeholders.

It advised investors and the general public to exercise caution and refrain from engaging with, relying on or acting upon unauthorised content or calls.

The brokerage said it was the only authorised entity within the AKD Group for listed securities information and services, adding that official announcements and communications were issued only through the company’s official communication channels and the PSX.

The company requested that its intimation be placed on record and circulated through the exchange’s information system to raise awareness among investors and market participants.

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