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Uday Kotak warns of fake investment scheme being run in his name, says, 'I have nothing to do with this'

Vivek Vishwakarma
New Update
Uday Kotak warns of fake investment scheme

Image Source - Forbes

In a recent social media buzz, a user named Pranjal K Sarma raised netizens' eyebrows with a post on X.

In a post on X, The user shared a screenshot of what appeared to be an article from 'The Indian Express.' The headline was a real attention-grabber, claiming that billionaire Uday Kotak was behind a new investment platform "available to all Indians," promising passive daily income for those who jump on board.

Pranjal's disbelief was palpable in his comment alongside the screenshot, expressing concern over the government's ability to protect its citizens from what he suggested were schemes preying on the unsuspecting public. 

"It seems the government is simply helpless to save Indians from these crooks cheating the gullible masses," he wrote while tagging multiple PMOIndia, Ministry of Electronics & IT, Narendra Modi, Amit Shah, and the Ministry of Finance.



Uday Kotak response

However, the plot thickened when Uday Kotak himself entered the conversation. The founder of Kotak Mahindra Bank took to the same platform to set the record straight. In response, Kotak debunked the article as a complete fabrication. 

"This article, supposedly in The Indian Express, is fake. I have nothing to do with the scheme or platform," he clarified.

"Exactly Sir, same is happening with Narayan Moorthy, Nilekani Sirs also, but none of you have filed cases against the concerned newspaper or the fraud betting apps using you people's name, photo,voice, videos, comments etc & @Rajeev_GoI @AshwiniVaishnaw etc are simply helpless!!!" the user wrote in response to Uday Kotak's clarification. 

What did 'The Indian Express' say?

Besides Uday Kota, The Indian Express X handle replied to Pranjal's post. "Beware of fake pages trying to pass off as The Indian Express," the publication wrote.