Deepfake scam rattles Sky Gold as subsidiary suffers Rs 11 crore loss after unauthorised fund transfer

Sky Gold shares fell after its subsidiary lost Rs 10.70 crore due to fraud. Unknown persons used deepfake techniques to impersonate a director and transfer funds. The subsidiary reported the incident to cybercrime authorities and is working with banks. This incident came to light on July 15, 2026, after verification. There is no indication of broader IT system breaches or data compromise.

Raccontata daeconomictimes.indiatimes.com