"I want to tell you about my friend Amir Khan."
A deepfake video of Ratan Tata is luring unsuspecting people into an online betting scam.
The video features the Indian industrialist endorsing an online betting coach and requesting people to join the Telegram channel ‘@aviator_ultrawin’, which is run by a man named Amir Khan.
The clip describes Khan as a person who teaches others to play the online betting game Aviator.
By playing the game, Khan promises users that they can earn at least Rs. 1 Lakh (£950) every day.
According to India Today, the provided link leads to a different sports betting platform called 1win, which requests the user’s personal details such as phone number and email address.
After depositing large sums of money, victims wait for a return on their investment but never see the money again.
In the video, Ratan Tata says:
“People ask me all the time how to get rich and I want to tell you about my friend Amir Khan.
“But also many people in India have made millions by playing Aviator.
“Thanks to his programmers, analysts and artificial intelligence ChatGPT, the probability of winning is more than 90%.”
Upon taking a closer look at the video, it is evident that it is a deepfake.
Unnatural movements with his mouth are a clear sign of a deepfake video.
In reality, a 2015 video of Ratan receiving an Honoris Causa degree at the HEC Paris Business School had been manipulated.
Unfortunately, some people have fallen victim to the fraudulent video.
One individual named Ajeet Yadav said he lost Rs. 20,000 (£190).
In his complaint, he said: “Amir Khan told me to deposit Rs. 20,000 into my 1win account and he will turn it into Rs. 170,000 (£1,600).
“I deposited Rs. 20,000 and after one day, he transferred the money into his account.”
“All my money is gone and he has since blocked me on Telegram.”
The deepfake video of Ratan Tata is one of several Indians who have had fake videos or pictures of them circulate in recent months.
Rashmika Mandanna, Katrina Kaif and Kajol have all had deepfakes go viral.
This surge in deepfakes has prompted concern in India, with the Ministry of Electronics and IT (MeitY) holding meetings with relevant industry stakeholders to regulate deepfakes.
IT Minister Ashwini Vaishnaw said: “We agreed that we will start drafting the regulation today.
“And within a very short timeframe, we will have a new set of regulations for deepfakes.
“The government is currently in the early stages of discussions and is exploring options such as introducing new rules, enacting a new law, or amending existing regulations.
“Once the ministry formulates the regulations, it will undergo a period of public consultation.”
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