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

Sky Gold and Diamonds’ shares may remain under pressure after its subsidiary, Starmangalsutra Private, reported a Rs 10.70 crore fraud involving deepfake techniques. Fraudsters allegedly gained unauthorised access to a company-issued mobile phone and laptop, impersonated a director, and tricked an employee into transferring funds to unknown bank accounts. The company has reported the incident to cybercrime authorities and banks.