Indian Tycoon Ratan Tata Denounces False Crypto Connections as ‘Scam – Investor Bites

SNEAK PEEK

• Ratan Tata and Anand Mahindra debunk false cryptocurrency involvement claims.
• The leaders stressed vigilance against cryptocurrency-related fraudulent schemes.
• Misinformation around digital currencies necessitates discernment and due diligence.

In the continuously evolving sphere of cryptocurrency, some are leveraging its ambiguity to perpetrate fraud. Recently, India’s leading tycoons, Ratan Tata and Anand Mahindra, emerged as new targets of such deceptive practices. However, they were swift to discredit these baseless claims.

I request netizens to please stay aware. I have no associations with cryptocurrency of any form. pic.twitter.com/LpVIHVrOjy

— Ratan N. Tata (@RNTata2000) June 27, 2023

According to sources, Ratan Tata, the Chairman Emeritus of the Tata Group, discovered and promptly refuted misinformation concerning his cryptocurrency involvement. The business magnate unmasked these falsehoods on Twitter and Instagram, emphatically stating, “If you see any articles or ads mentioning my association with cryptocurrency, they are untrue.”

He further cited an example of a fabricated news report headlined: “Analysis: Ratan Tata’s recent investment has experts in disbelief and major banks concerned.” Consequently, Tata took this opportunity to educate netizens about these fraudulent schemes, urging them to stay vigilant. He firmly stated that he has no association with cryptocurrency.

Similarly, this episode mirrored an incident from a few years ago involving Anand Mahindra, Chairman of the Mahindra Group. A fabricated news report claimed he had made substantial investments in cryptocurrencies.

Mahindra responded to these unfounded claims with a statement on November 19, 2021, labeling the report as unethical and dangerous. In a lighthearted twist, he underscored the irony of the situation, confirming that he had not invested a single rupee in cryptos.

Moreover, both business leaders’ experiences serve as a reminder of the treacherous waters of misinformation that swirl around the digital currency landscape. It reinforces the necessity for vigilance, discernment, and due diligence.

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• Source: https://investorbites.com/indian-tycoon-ratan-tata-denounces-false-crypto-connections-as-scam/