For many days Facebook is showing apparently an appeal by Ms. Nirmala Sitharaman appealing to every Indian to invest Rs 21,000 immediately as only 1000 can apply now as 80% has been subscribed in “My Financial Project for Indians”. The video shows her speaking and saying, “We have developed an investment platform with the help of Narayanamurthy using AI tools and we have invested 1 billion $ for developing this.” She says you can earn millions. Rs 5,000 per day etc. (Watch video closely.) The first video shows TIMES NOW at the top. When you check a news in “The Times of India”, it shows Narayanamurthy, Nirmala Sitharaman and says thrive even in a crisis. How revolutionary technology will allow you to earn over Rs 19,50,000 a month with Government support. It shows Narayanamurthy and Nirmala Sitharaman sitting with a laptop showing Quantum AI. A taxi driver’s response says, “I invested Rs 21,000 and after a week my account had Rs 4,50,000”.
Similar appeals are available from Rajdeep Sardesai, India Today, Narayana Murthy, Sudha Murthy, Sundar Pichai and even Governor RBI.
I gave my mobile number and within a few minutes received a call introducing himself as Romin Roy and trying to lure me into the investment!
It’s impossible to multiply money by AI tools.
But why is the Finance Minister not putting out a statement? Why is RBI not giving a press release? What is our Cyber Crime Bureau doing?
Have we already reached the alarming situation that we are not able to control Artificial Intelligence? Why is the Government not able to catch the culprits using its AI tools? This is a crime done internationally. What are the international intelligence bureaus doing?
Brad Smith, who was once head of Microsoft Security and the CEO, in his book “Tools and Weapons”, had projected uncontrollable AI without ethics for the benefit of a few. The Government of India should act immediately as thousands of people are losing money every day.
In the morning the last date for investment was showing 7.7.2025. By evening it is showing 7.8.2025. AI is doing its work well. Videos are changing. Numbers are changing. Backgrounds of the videos are changing. Even amounts are changing.
The Government has to safeguard its citizens from these cheaters and fraudsters and come up with laws to control AI tools, AI refinements and AI ethics.
Examples of such videos — watch here:
- https://www.facebook.com/share/1CWMVBnVgM/?mibextid=wwXIfr
- https://www.facebook.com/share/16x4PikX5t/?mibextid=wwXIfr
- https://www.facebook.com/share/16i2VtZ6mu/?mibextid=wwXIfr
- https://www.facebook.com/share/1744TMgPKG/?mibextid=wwXIfr
- https://www.facebook.com/share/16D1YCqxq4/?mibextid=wwXIfr
Thomas Franco is the former General Secretary of the All India Bank Officers’ Confederation and a Steering Committee Member at the Global Labour University.
Centre for Financial Accountability is now on Telegram and WhatsApp. Click here to join our Telegram channel and click here to join our WhatsApp channeland stay tuned to the latest updates and insights on the economy and finance.