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PIB Fact Check Flags Scheme Claiming Rs 40 Lakh Return On Rs 22,000 Investment

The government has flagged as fake a viral social media post advertising a so-called Quantum AI scheme falsely affiliated with the finance minister with high returns and no risk

Quantum AI Scam Claim Flagged Fake By PIB Fact Check
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Summary

Summary of this article

  • Viral post claims Rs 40 lakh returns on Rs 22,000

  • PIB Fact Check says Quantum AI scheme does not exist

  • Government warns against fake investment claims on social media

The Press Information Bureau (PIB) Fact Check unit has dismissed as fake a post on social media platform X (formerly Twitter) that claimed people could earn up to Rs 40 lakh by investing only Rs 22,000 in a so-called Quantum AI scheme. The fake post said that there is no risk involved and there is a 100 per cent government guarantee. It also misappropriated the name of Union Minister of Finance Nirmala Sitharaman to make the claim sound plausible.

The post also contained a graphic making it look like a news report, besides claiming that the scheme registration was soon closing, thus falsely creating a sense of urgency among the users.

PIB Fact Check Issues Clarification

The Press Information Bureau (PIB) Fact Check unit has dismissed the claim as fake in a post on X. It said that there is no such scheme and that the finance minister has not signed any investment platform that promises such returns.

The PIB Fact Check post also shared the viral advertisement image, marking it as fake. It said that the image claiming an investment of Rs 22,000 maturing into Rs 40 lakh with no risks and a 100 per cent government guarantee, was misleading and fake.

Misuse Of Names And Visuals Raises Concerns

The viral graphic contains features that are meant to appear as a legitimate news report, such as a reference to a recognised media source, and a location tag. It also has a picture of the finance minister which may misguide the users that the assertion is genuine.

Such posts often rely on the misuse of public figures’ names and official-looking formats to gain trust and encourage quick action from viewers.

Advisory To Check Claims

The PIB Fact Check has encouraged users to counter such assertions using official government sources before acting on them. It has also cautioned individuals to be wary of any claim that offers exceptionally high returns without any risk.

Those users who encounter such misleading information about the government have been requested to report such information through the official fact-checking channels, including WhatsApp and email.

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