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BSE Issues Fresh Warning on Fraudulent Deepfake Video Targeting Its MD and CEO

February 9, 2026
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The exchange says a resurfaced video falsely using Sundararaman Ramamurthy’s identity promotes fake stock tips and guaranteed returns

BSE Limited has issued a caution to investors after a previously circulated fraudulent deepfake video resurfaced across social media and messaging platforms. The video falsely features Sundararaman Ramamurthy, Managing Director and CEO of BSE, and claims to offer stock market tips and investment advice.
According to BSE, the video includes fabricated and misleading assertions, such as promises of guaranteed or unusually high returns, recommendations to invest in select stocks for multi fold gains within a short time frame, and invitations to join private WhatsApp or Telegram groups for so called exclusive investment tips.

BSE clarified that the content is entirely fake, unauthorised, and created using deepfake technology. The exchange stated that neither Sundararaman Ramamurthy nor any official of BSE, in any capacity, provides stock tips, investment recommendations, or operates messaging groups or channels for investors.
The exchange further cautioned that such deepfake videos and fraudulent content may continue to resurface in different formats from time to time. Investors have been advised not to believe, forward, or engage with such material and to rely solely on communications issued through BSE’s official platforms and SEBI registered intermediaries for verified and authentic information.

BSE also stated that it is taking necessary steps to have the misleading content removed and to initiate appropriate action against those responsible for creating and circulating the fraudulent material.

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