Fitness myths are so easily started. A friend of a friend told a friend who told you. Just because the daily mail printed it, does not make it true!
If you're not squatting, you're doing it wrong!
I really can't emphasise this enough. If you're anyway at all serious about getting into shape, DON'T neglect squats. If you have just one fitness goal, make it to learn how to squat properly. The immense health benefits of squatting are undeniable.