Fake news alert: No, Anand Mahindra hasn't found a 'wealth loophole', says he has no investment in cryptos

Fake news alert!

On Friday evening, Anand Mahindra flagged a news report claiming his latest investment in cryptocurrencies has left "banks terrified" and "experts in awe".

The fake news piece on the website blastheincome.club - claiming to be sourced by The Times Of India - said that the top boss had found a 'wealth loophole' that can make investors a millionaire in three to four months.


An alarmed Mahindra Group Chairman immediately took to Twitter to report this as fake news. Sharing with his 8.5 million users, the Padma Bhushan awardee informed that he has 'never invested a single rupee in cryptos'.

The 66-year-old businessman said that someone had informed him about this online article and he felt it was necessary to call out this fabricated and fraudulent piece that takes fake news to a new level.

"I need to make people aware that this is completely fabricated & fraudulent. Takes fake news to a new level," he wrote alongside four screenshots from the fake piece.

The billionaire also said that the fake article would've been highly amusing if it wasn’t so unethical and dangerous.


Film producer Atul Kasbekar was appalled at the fake news and asked Mahindra to sue the platform for using the article with his name and image. "There’s even your image used in case they were to try and pass this off as someone with the same name," he wrote.

Last year in April and May, a similar thing had happened with Tata Trusts Chairman Ratan Tata.

The philanthropist took to social media to alert his 10.2 million followers on Twitter. Tata urged people to always verify news sources rather than trusting media that circulates on WhatsApp or other social media platforms.

"If I have something to say, I will say it on my official channels," he stated.

"My picture alongside a quote does not guarantee me having said it, a problem that many people face," he wrote in another post.