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Fact Check: Post of Crowd Outside BoB’s Al Ain Branch Falsely Linked to Adani-Hindenburg Row

Date:

A picture of a long queue outside a Bank of Baroda (BoB) branch in the United Arab Emirates (UAE) has surfaced on Internet, claiming that customers are closing their bank accounts after the bank CEO said that BoB would continue to lend money to industrialist Gautam Adani.

The claim in Hindi reads: “अडानी को लोन की घोषणा से… पूरे यूनाइटेड अरब अमीरात में बैंक आफ बडौदा के बाहर अकाउंट बंद करवाने के लिए लाइन लग रही है…!!
फोटो AL AIN शहर की है…”

The above post can be seen here.

FACT CHECK

NewsMobile fact-checked the above claim, and found it to be misleading.

Upon running a keyword search on Google with relevant keywords, we found a report on newswire ANI quashing the above claim quoting BoB, dated February 27, 2023.

We also found the statement by BoB on their official Twitter handle, dated February 26, 2023. The bank has stated that since the bank is closing its Al Ain, Abu Dhabi branch, with effect from March 22, 2023, after the approval of the Bank of UAE.

“Bank of Baroda had taken a commercial decision to close its Al Ain branch in UAE a year ago and has received approval from the Central Bank of UAE for the same. As per the customer notice, dated 20.01.2023, the Al Ain branch in UAE is being closed with effect from 22.03.2023,” the statement reads.

The statement further urged to not believe the social media rumours.

Meanwhile, NewsMobile did not find any report on the closure of bank accounts over the Adani-Hindenburg row.

The above findings prove that the picture of the crowd outside BoB’s Al Ain branch is falsely linked to the Adani-Hindenburg row.

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