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Tata Sons accuses Cyrus Mistry of using fraudulent methods to take control, issues 9-page letter

Tata Sons Has Come Out In Its Defence Post Ousted Group Chairman Cyrus Mistry Levied Allegations Against Them For Removing Him From The Top Executive Position In A Improper Manner.

News Nation Bureau | Edited By : Gautam Lalotra | Updated on: 10 Nov 2016, 03:18:19 PM
Ratan Tata and Cyrus Mistry - File Photo

New Delhi:

Tata Sons has come out in its defence post ousted group Chairman Cyrus Mistry levied allegations against the diversified conglomerate for removing him from the top executive position in a improper manner. 

In a point-by-point rebuttal of Cyrus Mistry's charges, Tata Sons accused the ousted chairman of twisting facts and using devious means to take control of the group.


Here's what they wrote: 

"We have received emails and calls from many across the globe since the board of Tata Sons decided to change its Chairman. Some have shared concerns following the decision, while many have asked questions about the future course of the group and its companies and operations.  We understand and appreciate that a period of change like this can lead to a sense of uncertainty and would like to put forward some facts so that the decision is seen in the desired perspective. 

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First Published : 10 Nov 2016, 01:45:00 PM

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Tata Sons Cyrus Mistry