Ratan Tata, former Tata Group Chairman, has denied any association with cryptocurrency, stating that reports of his investments are untrue and meant to scam citizens.

Amid reports of his investments in cryptocurrency, veteran industrialist and former Tata Group Chairman Ratan Tata on Tuesday said he has no associations with cryptocurrency of any form.

He took to the social media platform Twitter to issue an official statement on the investment claims.

"I request netizens to please stay aware. I have no associations with cryptocurrency of any form," he noted in his tweet. The post further noted that any articles or ads stating his association with cryptos are absolutely “untrue and meant to scam citizens".

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