Wednesday, October 26, 2016

Cyrus Mistry slams Tata

Cyrus Mistry who was removed as chairman of Tata Sons slammed the Tata group and its Chairman Ratan Tata on Wednesday, questioning the corporate governance practices and operations of various group companies, investments, fraudulent transactions and a possible write down of Rs 1,18,000 crore by Tata companies. In a strongly-worded e-mail to Tata Sons directors and Tata Trusts, Mistry listed various omissions and commissions by group firms — including Ratan Tata’s — that he inherited four years ago.
To read the story, click here.
Click here to read his email to Tata Sons.

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