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.
The trust reposed by Tata Sons in Cyrus Mistry by appointing him as the Chairman four years ago has been betrayed: Tata Sons— ANI (@ANI_news) November 10, 2016
The accusation (by Cyrus Mistry) of interference by Trusts is not only wrong in reality but has been twisted to mislead people: Tata Sons— ANI (@ANI_news) November 10, 2016
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.