Is it true that cooking fries in vegetable oil results in a healthy, cholesterol-free meal?

Hi, this question is about fast food vendors' claims: Is it true that cooking fries in vegetable oil results in a "healthy, cholesterol-free" meal? Deep fat frying potatoes in vegetable oil would be cholesterol free. Cholesterol is only found in animal products. (Tip to help remember this is everything that contains cholesterol has a mother!)...

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