'I Am Not Associated With Crypto,' Ratan Tata Warns Against Fake Reports Of Him Investing In Crypto
Amid fake reports of him investing in cryptocurrency, Tata group's chairman emeritus Ratan Tata has taken to social media to provide much needed clarification.
Amid fake reports of him investing in cryptocurrency, Tata Group's chairman emeritus Ratan Tata has taken to social media to provide much-needed clarification.
Tata, who is the recipient of India's second highest civilian honour, the Padma Vibhushan, took to Twitter and Instagram to bunk the misinformation circulating about his cryptocurrency investments.
"I Have No Association With Cryptocurrency"
I request netizens to please stay aware. I have no associations with cryptocurrency of any form. pic.twitter.com/LpVIHVrOjy
¡ª Ratan N. Tata (@RNTata2000) June 27, 2023
"This is an extremely important announcement. If you see any articles or ads mentioning my association with cryptocurrency, they are absolutely untrue and meant to scam citizens."
Tata went on to expose an example of a news report that falsely claimed his involvement in cryptocurrency investments. The headline read: "Analysis: Ratan Tata's recent investment has experts in disbelief and major banks concerned."
Ratan Tata urged netizens to remain vigilant and stay away from such fraudulent schemes, reiterating, "I have no associations with cryptocurrency of any form."
Reactions To Ratan Tata's Tweet
Many among Ratan Tata's 12 million followers on Twitter replied to his tweet mentioning the warning.
indiatimes
It would be good if you also press upon charges against the imposter that an IPC offence is recorded and the accused gets judicial punishment and such impersonation is further stopped
¡ª SIDHESH (@sidheshv) June 27, 2023
How can we Indian disbelieve a man who's vision is only the progress of the nation and humanity like you Sir??
¡ª Sivaprasad Kadanchery illam (@sivakadanchery) June 27, 2023
Oh these TRP Mongers...
¡ª Bhowgle ka Baccha? (@bhowglekabaccha) June 27, 2023
Indian media has no bottom levels!! They can go as low as possible
¡ª Abhishek Chakraborty (@Another_Abhishe) June 27, 2023
Also Read: Bill Gates Meets Ratan Tata
Anand Mahindra Too Had Faced A Similar Situation
Billionaire Anand Mahindra, the chairman of the Mahindra Group, had faced a similar situation a couple of years ago when a fake news report surfaced, asserting that he had made investments in cryptocurrencies.
Mahindra promptly responded to these baseless claims.
This would be highly amusing if it wasn¡¯t so unethical &, in fact, dangerous. Someone saw this online & alerted me. I need to make people aware that this is completely fabricated & fraudulent. Takes fake news to a new level. Ironically, I¡¯ve not invested a single rupee in cryptos pic.twitter.com/cfWRDY1J88
¡ª anand mahindra (@anandmahindra) November 19, 2021
In a tweet dated November 19, 2021, Mahindra said, "This would be highly amusing if it wasn't so unethical and, in fact, dangerous. Someone saw this online and alerted me. I need to make people aware that this is completely fabricated and fraudulent."
Mahindra further highlighted the irony of the situation by affirming, "Ironically, I've not invested a single rupee in cryptos."
Also Read: List Of Foundation Years Of Various Tata Group Companies
For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here.
