Narayana Murthy refutes endorsing automated trading apps; warns against deep fake content

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The video is being shared with the caption, “Iplex AI has already changed the lives of many other Indians who, by investing just Rs 25,000, have received Rs 100,750 in income in their bank account within a week.” “Request you all to not invest basis such video and kindly report the video and not to forward or share it further.” He requested people not to fall prey to such information being circulated on the internet. While attempting to register with BTC Ai Evex, this writer was redirected to X Pro Market, a completely unfamiliar company. The Indian Express, in a tweet on September 4, 2021, debunked a similar claim reported by a dubious website that claimed that Azim Premji is urging people to invest in Bitcoin.

We started our investigation by checking the link to the purported Indian BTC Evex 360 Express article. On clicking the link, it directed us to a blank webpage and not to the website of the Indian Express. Further, BOOM found several red flags on the article’s website to support this.

We reverse-searched the photo in the display picture and found it on the Instagram account of Sukhneett Wadhwa, a fashion blogger with more than 1,70,000 followers. Multiple images and videos from this account were used in the Telegram channel being run in the name of Sona Agarwal. We also found the photo of Wadhwa that was added over Nita Ambanai’s face. The viral video contained the link to a Telegram channel called “Indian Money Coach” that promotes get-rich-quick schemes. The pinned message in this channel was the image of the same woman in a glamorous outfit. That’s why hundreds of people trust me.” The display picture was also of the same woman.

Infosys receives tax demand of ₹341 crore

The statement of accounts issued by the public sector Bank of India has been posted to substantiate their claim. Hence, we caution our readers about fake news about billionaire industrialists investing or launching trading platforms that go viral again and again to fool people. A video claiming Infosys co-founder Narayana Murthy launched an AI-based trading platform to “help Indians have a stable passive income” is fake and part of a phishing scam. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles.

  • With `21,000 deposited, our video operator Rahul Kumar was promptly assigned a personal manager who provided insights, even during the late evening hours.
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  • The story also quotes him stating that big banks were looking to shut the application down and that he has “already received angry calls and threats from big financial corporations” for bringing this technology to the peoples’ attention.

Earlier in November, a deepfake of actor Rashmika Mandanna went viral on Instagram and elsewhere. While advisories to social media firms have been sent warning them that the law already prevents impersonation online, the IT Ministry is saying that it will now move swiftly to address the issue more comprehensively. “The following day witnessed a surge in our balance to `32,385, a revelation that left our team astounded. Engaging our personal manager, we delved into understanding BTC Ai Evex operations. Bolstered by this confidence, we tested the platform’s withdrawal process, successfully transferring funds to our video operator Rahul Kumar’s bank account within minutes.

Narayana Murthy speaks out against deepfake onslaught

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A fake video featuring him and promising big returns is doing the rounds on social media. Kela himself debunked the video on X, revealing it was created using artificial intelligence (AI). He’s tagged relevant authorities like SEBI and stock exchanges, and urged everyone to stop sharing this phony video. In a post on X (formerly Twitter), he said some web pages claimed that he invested in automated trading applications. Through multiple tweets, the Infosys founder denied any involvement in such activity.

A search for new-indianexpress.com on Whois showed that it was registered in 2023 itself to someone in Iceland. Using this, we ran a keyword search for “Business Today Narayana Murthy NASSCOM” and found the same video uploaded on YouTube by the verified channel of Business Today. We first went through the video and noticed that it had the logo of Business Today, the business magazine of India Today and that Narayana Murthy was wearing a lanyard with NASSCOM written on it.

He said that his purpose was to make Indians richer and improve their quality of life. He said that BTC Ai Evex was his child that would give big opportunities to many Indians. Jagran English brings you all the latest and breaking news from India and around the world. Get live English news from India, World, Politics, Entertainment, Lifestyle, Business, Education, Sports, Technology, and much more. On closely observing the viral video, one can easily identify that the audio used in it does not resemble the actual voice of Mukesh Ambani.