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Kiwi viewers, beware! A wave of videos circulating online are falsely claiming that Finance Minister Nirmala Sitharaman has launched a scheme promising a whopping Rs 20 lakh income from just a Rs 21,000 investment. Sounds too good to be true? It is! The Press Information Bureau (PIB) Fact Check team has stepped in to debunk these claims, labelling them as digitally altered scams.

What's the Scam?

These deceptive videos are being shared widely on social media platforms, enticing unsuspecting Kiwis with promises of unbelievably high returns. We're talking about returns as high as nearly 3 times your investment in a single day and a staggering 100 times your investment within a month! These figures are simply unrealistic and designed to lure people into fraudulent schemes.

PIB's Verdict: Fake News!

The PIB Fact Check team has thoroughly investigated these claims and confirmed that they are completely false. Nirmala Sitharaman has not endorsed any such scheme. The videos are digitally manipulated to create a false impression of her involvement, exploiting the public's trust in government officials.

Why You Need to Be Careful

Scams like these are becoming increasingly sophisticated, using technology to create convincing but ultimately false narratives. It’s crucial to be vigilant and critically evaluate any investment opportunity that sounds too good to be true. Here’s what you should remember:

• High Returns = High Risk: Legitimate investment opportunities rarely offer such extraordinary returns.
• Verify the Source: Always double-check information with official sources, like the PIB website (https://pib.gov.in/) or the official website of the Finance Ministry.
• Be Wary of Social Media: Social media is rife with misinformation. Don't blindly trust videos or posts without verifying their authenticity.
• Report Suspicious Activity: If you come across any suspicious investment schemes or videos, report them to the relevant authorities.

Protect Yourself from Financial Scams

This isn't the first time we've seen scams targeting Kiwis with promises of easy money. It's essential to stay informed and protect yourself from falling victim to these schemes. Remember, if it sounds too good to be true, it probably is! Spread the word to your friends and family to help prevent them from being scammed.

Stay Informed, Stay Safe!