There’s a definitive move to damage my reputation, attacks very painful: Ratan Tata

Ratan Tata said there is a definite move to damage his personal reputation over last two months.

By: Express Web Desk | New Delhi | Updated: December 23, 2016 8:50 pm
Ratan tatam, Cyrus mistry, Tata Sons, Tata Group, Cyrus mistry ratan tata, Ratan Tata.

Tata Sons interim chairman Ratan Tata on Friday lamented that most attacks on him and the Tata Group are unsubstantiated and very painful. In a statement to the media on Friday, Tata said there is a definite move to damage his personal reputation over last two months. “I think the truth will prevail, whatever the process may be, however painful it may be,” said Tata.

His remarks comes a day after business tycoon and former independent director on the board of three Tata companies Nusli Wadia filed a defamation case against Tata Sons and Ratan Tata hours after Tata Motors’ shareholders voted in favour of his removal as the post. Significantly, ousted chairman Cyrus Mistry also alleged weak corporate governance at Tata Sons, calling it an amalgam of half-truths and unturths. Tata Sons, however, rebutted Mistry’s claims expressing “surprise” at the assertion.

In a statement released by Mistry’s office, it said, “It is mischievous on the part of any Tata Sons executive to suggest the lack of a strong governance framework at Tata Sons, more so someone who has been associated with the company as a director since 2006. One can only call these allegations as an amalgam of half-truths and untruths.”

ALSO READ: Nusli Wadia files defamation case against Tata Sons, Ratan Tata

To this, Tata Sons had replied: “In line with the Tata Group’s ethos, Tata Sons has always gone over and beyond the requirement of the law on matters of corporate governance. In fact, over the years we have reinforced this formal governance framework.”

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  1. N
    Dec 23, 2016 at 4:15 pm
    Brahmins have taken over TATA group! It will soon be destro by them. That is a partial strategy to somehow try to sustain brahminism.
    1. D
      Dec 23, 2016 at 4:30 pm
      True. I agree with you. I have seen high degree of brahmin nepotism in the Tata groups. Many are appointed with the backing of central agencies that give high level concessions like protection from income tax raids, showing blind eye on the corruption and criminality that goes on in the group, eliminating whistle blowers through extra judicial means, etc.
      1. Z
        Dec 23, 2016 at 10:27 pm
        The old, I am so offended routine, trying the white man medicine, having been riped-off in steel. Needs to check a mirror
        1. Kamlesh Pant
          Dec 23, 2016 at 5:46 pm
          This w episode put TaTa group in very difficult situation. They can come out of it but their credibility has taken a beating. They are no different than other business group.
          1. A
            Ashok Mazumdar
            Dec 23, 2016 at 5:53 pm
            Tata's Whimsical decision to make cheapest car under 1 lakh ( lakh takia car) and it's announcements surprised;br/gt;lt;br/gt;Aam Aadmi felt disgraceful to buy it and get noticed by neighbours and get;br/gt;lt;br/gt;Middle Income group, who could afford cars available, decided not to buy it as it was below their Dignity with Lakh Takia;br/gt;lt;br/gt;Two Wheeler owners never got excited to have it for the sake of its name-a;br/gt;lt;br/gt;Finally, the announced price was just a Hoax, as it was never under a A;br/gt;lt;br/gt;Singur Plots Forcefull acquisition was the last;br/gt;lt;br/gt;From a failed Director of NELCO, and uts closure Tata collected a bunch of South Indian Gangs, who made Personal Camps/Empires shine, ignoring Tatas Moral Values of Old Days like Tata Steel ltd or Tata Motors lt;br/gt;lt;br/gt;Ruins will rule Tatas
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