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Mumbai Retiree Duped of ₹2.82 Crore by Deepfake Video Scam

Mumbai Retiree Duped of ₹2.82 Crore by Deepfake Video Scam

First seen 6 Nov 2026, 10:43 UTC • •
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ThreatCluster AI
ThreatCluster •November 6, 2026 at 10:44 UTC
  • •A 76-year-old woman lost ₹2.82 crore due to a deepfake scam involving a fake video of a government official.
  • •The fraudsters posed as representatives of an international trading platform to gain the victim's trust.
  • •The case has been registered with the North Region Cyber police, who are investigating the incident.

A 76-year-old woman from Borivali, Mumbai, lost ₹2.82 crore after being deceived by a deepfake video of Finance Minister Nirmala Sitharaman. The video falsely promoted investments in gold, silver, stocks, commodities, and bonds. After encountering the video on social media in February 2026, she clicked a link that connected her to fraudsters posing as representatives of an international trading platform. Following their instructions, she transferred funds in 20 transactions between March and September 2026. The North Region Cyber police have registered a case against unidentified suspects for cheating and criminal conspiracy. The woman only realized she had been scammed after the transactions were completed and subsequently approached the police.

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Timeline

2026-02-01
Victim encounters deepfake video
The woman saw a deepfake video of Finance Minister Nirmala Sitharaman on social media promoting investments.
Hindustan Times
2026-03-09
First transaction made
The victim began transferring funds based on the fraudsters' instructions, starting with the first transaction.
Hindustan Times
2026-09-29
Last transaction completed
The woman completed a total of 20 transactions, amounting to ₹2.82 crore, before realizing the scam.
Hindustan Times
2026-11-06
Case registered with police
The North Region Cyber police registered a case against unidentified persons for cheating and criminal conspiracy.
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Common questions

How did the scam work?
The scam involved a deepfake video of a government official promoting investments, leading the victim to connect with fraudsters.
What should victims do if targeted?
Victims should report the incident to local authorities and avoid engaging with suspicious investment offers.
Are deepfake scams common?
Deepfake scams are increasingly common, leveraging advanced technology to deceive individuals into financial loss.