India, Nov. 6 -- A 76-year-old retired public sector employee from Borivali was duped of Rs.2.82 crore after she came across a deepfake video of finance minister Nirmala Sitharaman urging senior citizens to invest in gold, silver, stocks, commodities and bonds for lucrative returns.

Believing the video to be true, the woman clicked on the related link which connected her with frauds who claimed they represented an international share trading platform. Based on their instructions, she transferred Rs.2.82 crore to them via 20 online transactions between March 9 and September 29, then realised she had been defrauded and approached the police, officers familiar with the matter told Hindustan Times.

According to the North Region Cyber police...