New Delhi – The Indian government has issued an official warning against a fraudulent investment advertisement circulating across social media platforms, which falsely claims that Prime Minister Narendra Modi has launched a new investment scheme called “QuantumAI.”
The deceptive promotion uses an AI-generated deepfake video of the Prime Minister endorsing the platform — a claim swiftly debunked by the Press Information Bureau’s (PIB) Fact Check Unit.
False Promise: ₹21,000 Investment for ₹3.5 Lakh Monthly Profit
The fake advertisement, promoted by a Facebook page named Insight India, alleges that the “QuantumAI Investment Platform” guarantees monthly returns of ₹3.5 lakh on an initial investment of ₹21,000.
Financial experts have dismissed the claim as a classic case of online investment fraud, designed to lure unsuspecting investors into sharing sensitive financial information.
According to the PIB, the entire campaign is fabricated and misleading.
“Citizens are advised not to trust such AI-generated content. No such investment platform has been launched or endorsed by the Prime Minister or the Government of India,” the agency stated on X (formerly Twitter).
Officials further cautioned that such links are phishing traps meant to steal banking credentials and personal data from users.
AI-Driven Deception: A New Challenge for Cybersecurity
Experts warn that the rise of deepfake technology has made financial deception more sophisticated and harder to detect.
“AI-generated content is the new weapon in the fraudster’s toolkit,” said a Bengaluru-based cybersecurity analyst. “It’s not just a financial scam — it’s an assault on digital trust itself.”
Cybercrime units have noted an increase in the number of fake investment platforms leveraging celebrity likenesses and government insignia to gain legitimacy. Such operations often reroute users to malicious websites that harvest data under the guise of “registration” or “verification.”
Government Urges Vigilance and Verification
The government has urged investors to verify any claims or schemes through official and regulatory websites before investing.
Suspicious advertisements or phishing links should be reported immediately at cybercrime.gov.in, officials said.
The PIB Fact Check Unit reiterated that citizens must remain alert to AI-generated misinformation, particularly when it involves financial products or government endorsements.
Digital Literacy: The Need of the Hour
The “QuantumAI” episode underscores the growing intersection of technology and trust — and how easily AI can be weaponized to manipulate public perception.
Financial experts argue that beyond cybersecurity measures, India now needs a broader push for digital literacy and public awareness.
“Fraudsters are evolving faster than regulations,” said a financial analyst. “In the digital era, vigilance is not optional — it’s the first line of defense.”
