The government has warned against a fraudulent advertisement circulating on Instagram, which claims that Union Finance Minister Nirmala Sitharaman is endorsing an investment scheme promising returns of Rs 10 lakh monthly for an investment of Rs 22,000.
The Fact Check unit of the Press Information Bureau (PIB) has invalidated the advertisement, cautioning the public to remain vigilant against such deceptive schemes.
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As per a post from PIB Fact Check, ads making the rounds on Instagram have inappropriately utilised video clips featuring Union Finance Minister Nirmala Sitharaman and former RBI Governor Shaktikanta Das.
Circulating videos misleadingly claim that an investment of merely Rs 22,000 can yield monthly returns totaling Rs 10 lakh.
In a social media update, PIB has asserted that the viral advertisement is ‘OUNA' and neither the Finance Minister nor the Government of India has endorsed any such program, stressing that citizens should remain watchful and informed.
"The Union Finance Minister @nsitharaman or the Government of India has NOT endorsed any such scheme! Stay alert. Stay informed. Verify before you share," said PIB in a post on X.
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PIB has also shared a set of precautions to help people avoid falling prey to such scams:
PIB fact shared this set of instructions in a x post JAN 7
1.Be cautious of investment offers that promise "too-good-to-be-true" returns
2. Verify claims through official government or financial institution websites
3. Avoid clicking on suspicious or unknown links
4.Never share personal or banking details on unverified platforms
5.Report such scam advertisements or videos on the platform where they appear
The government has urged citizens to remain vigilant as the misuse of AI-generated content continues to rise across social media platforms.
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