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AI-Generated Deepfake Video Used in Rs 49.2 Lakh Online Trading Fraud

AI-Generated Deepfake Video Used in Rs 49.2 Lakh Online Trading Fraud

First seen 12 Nov 2026, 16:49 UTC • •
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ThreatCluster AI
ThreatCluster •November 12, 2026 at 16:50 UTC
  • •A woman lost Rs 49.2 lakh due to a deepfake video of a government official promoting trading.
  • •The fraud occurred between July 15 and September 22, 2026, before being reported to police.
  • •Authorities are tracking the fraudulent accounts and have issued warnings about similar scams.

A 45-year-old woman from Kozhikode was defrauded of Rs 49.2 lakh in an online trading scam involving a deepfake video of Union Finance Minister Nirmala Sitharaman. The victim believed the video, which falsely promoted high returns from online trading, and transferred money to various accounts between July 15 and September 22, 2026. The Kozhikode Rural Cyber Crime Police registered a case on November 9, 2026, after the victim reported the fraud. Police are currently tracking the fraudulent accounts and have issued advisories warning against such AI-generated scams. This incident highlights the increasing use of deepfake technology in financial frauds.

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Timeline

2026-07-15
Fraudulent transactions began
The victim started transferring money to fraudsters after viewing the deepfake video.
Rediff
2026-09-22
Last transaction reported
The victim completed her last transfer of funds to the fraudsters on this date.
Rediff
2026-11-09
Police case registered
The Kozhikode Rural Cyber Crime Police registered a case following the victim's complaint.
Rediff

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Common questions

How can I identify deepfake scams?
Look for inconsistencies in video quality, voice, and context, and verify claims through official channels.
What should I do if I fall victim to such fraud?
Report the incident to local authorities and your bank immediately to try to recover lost funds.
Are there any ongoing investigations?
Yes, the Kozhikode Rural Cyber Crime Police are actively investigating the fraudulent accounts involved.