Fact Check: Uday Kotak’s LinkedIn account promoting Bitcoin is an imposter
Uday Kotak is not on LinkedIn. The post was made by an impostor falsely claiming that Kotak is promoting cryptocurrency.
By Md Mahfooz Alam Published on 7 Oct 2023 10:31 AM GMT
Screengrab of the post.
Hyderabad: A screengrab of a LinkedIn post allegedly made by Uday Kotak, founder of Kotak Mahindra Bank, is in viral circulation on social media. In the post, Uday predicts the growth of cryptocurrencies in the near future and encourages people to invest in Bitcoin.
The post suggests investors hold 2 to 3 per cent of their wealth in cryptocurrencies and urged them to invest in Bitcoin, terming it “the future of finance.”
An X user, Rajath Kumar, tagging the real Uday Kotak, shared the screengrab of the post with the caption, “Came across this on LinkedIn: @udaykotak Could you kindly verify the authenticity of this post and confirm whether the linked LinkedIn account belongs to you?”
(Image Credit: X/@Xrajath)
We also found the original post on LinkedIn. Click here to access the archive of the post.
Fact Check
NewsMeter found that Uday Kotak is not on LinkedIn. The post was made by an impostor falsely claiming that Kotak is promoting cryptocurrency.
We looked for the LinkedIn account that made the post and found a mere 990 followers and 214 posts, which gave us the suspicion that it could be a fake account. The bio read, ‘Founder, MD & CEO of Kotak Mahindra Bank Chairman of IL&Fs.’
Further, we ran a keyword search and came across two reports by Business Line. According to the reports, Kotak stepped down from the position of Mahindra Bank CEO in September 2023 and as the chairman of IL&FS in March 2022. Click here and here to view the posts.
Furthermore, Kotak replied to Rajath Kumar and clarified that the post was fake and he is not on LinkedIn.
Hence, we conclude that the viral post promoting cryptocurrency was not made by Uday Kotak. The post was made by an imposter.
