Rs 40 lakh return from Rs 22,000 investment? How ‘Quantum AI’ scam is misusing Nirmala Sitharaman’s name to lure investors

A viral post is making the rounds in social media, claiming that you can get a high-return from investing in the ‘Quantum AI’ scheme backed by Finance Minister Nirmala Sitharaman. The post states that Sitharaman has suggested that investors can turn an investment of Rs 22,000 in the ‘Quantum AI’ scheme into Rs 40 lakh with zero risk and government guarantee. Sounds too good to be true, right?

In a social media post on X (formerly Twitter), the PIB Fact Check team posted: “A viral claim is doing the rounds on the internet, promoting a 'Quantum AI' investment scheme in the name of Union Finance Minister, and is promising a return of Rs 40 lakh on an investment of Rs 22,000 with no risks and a 100% government guarantee. This claim is fake.”