India, Nov. 9 -- A 57-year-old homemaker from East Bengaluru has lost Rs.43.4 lakh after falling victim to an online trading scam that used a deepfake video of Union Finance Minister Nirmala Sitharaman to lure investors.

Police said the woman, came across the video on Instagram in August. The video showed a digitally altered version of the minister urging citizens to invest in a particular stock trading company, promising high returns. Believing the video to be genuine, she clicked on a link provided with the post and entered her personal information, as per a report by The Times of India (TOI).

The next day, on August 4 around 10 am, she received a WhatsApp message from a man identifying himself as Aarav Gupta, who claimed to be an exe...