All incidents
High
44B · Incident
Purported Deepfake Impersonation of Starmangalsutra Director Reportedly Led to ₹10.70 Crore (Approximately US$1.11 Million) in Unauthorized Fund Transfers
- Date
- July 15, 2026
- Category
- Deepfake
- Source
- AI Incident Database
- Deployer
- Synthetic media creators, Scammers in India, Scammers, Deepfake creators
- Harmed parties
- Victims of deepfake-enabled fraud, Unnamed employee of Starmangalsutra, Unnamed director of Starmangalsutra, Targets of scams, Targets of scammers in India, Starmangalsutra, Sky Gold and Diamonds, Privacy, Epistemic integrity
- Developer
- Synthetic video generation technology developers, Synthetic media generation technology developers, Synthetic audio generation technology developers, Deepfake technology developers
Summary
Starmangalsutra Private Limited, a jewelery-manufacturing subsidiary of India-based Sky Gold and Diamonds, reportedly lost ₹10.70 crore (about US$1.1 million) after unknown actors compromised a company-issued phone and laptop and used purported deepfake methods to impersonate a director. An employee, reportedly believing the instructions were genuine, transferred funds to unknown bank accounts before verification showed the director had issued no such instructions.
Large developers must disclose safety incidents to the Attorney General within 72 hours of discovery under Art. 44-B § 1422 — 24 hours where there is an imminent risk of death or serious physical injury.
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