The government cautioned the public about a fraudulent investment scheme circulating online under the guise of Union Finance Minister Nirmala Sitharaman. The scheme falsely guarantees a monthly profit of Rs 3 lakh with an initial investment of Rs 22,000.
According to the Press Information Bureau’s fact-checking unit, the purported “Quantum AI” investment platform is deceptive and has no affiliation with the Indian government or the finance minister. The PIB Fact Check exposed the fraudsters behind the scheme, emphasizing that it is entirely fake.
FM Sitharaman clarified that neither she nor the Indian government endorses such investment platforms or schemes. The government labeled the claim as false and emphasized its non-involvement with any investment scheme or platform being promoted in their name.
The PIB Fact Check unit advised the public to exercise caution when encountering dubious investment opportunities promising unrealistically high returns in a short period. Such schemes are crafted to defraud individuals and lead to financial losses.
The public was urged to refrain from engaging with suspicious links or divulging personal and financial information to unverified platforms on social media and messaging services. The government emphasized the importance of vigilance to prevent falling victim to financial scams.
