Tata Group sets up panel to ascertain facts behind Deshpande’s death

The committee,chaired by non-executive director of Tata Steel,will give its report to the board of the firm within 2 months

Written by ENS Economic Bureau | Mumbai | Published: July 3, 2013 1:44:48 am

A day after the Tata Group said that it will establish an “appropriate process” to look into the facts around the alleged suicide committed by ex-Tata Steel corporate communication head,Charudatta Deshpande,the Group on Tuesday announced setting up a four-member committee to ascertain the facts.

The panel,chaired by Ishaat Hussain,non-executive director of Tata Steel,will give its report to the board of the firm within the next two months,a joint statement by Tata Sons and Tata Steel said.

The decision follows a June 30 letter written by K Ramkumar (executive director and board member at ICICI Bank) in his personal capacity to chairman emeritus of the Tata Group,Ratan Tata,chairman Cyrus Mistry and Tata Sons director,RK Krishna Kumar,where he alleged that Deshpande was put under untold pressure in Jamshedpur and was confined to his place of stay. Asking the Group to conduct an impartial inquiry into the events that led Deshpande to end his life,Ramkumar also pointed out that he was reportedly threatened and his phone was being monitored.

Tata Group,after having received the letter,had on Monday said,“We take the allegations raised in the letter seriously and will establish an appropriate process to ascertain the facts and take action accordingly.”

Along with Hussain,the committee consists of three other members: chief ethics officer of the Tata Group,Mukund Rajan,chief human resources officer,NS Rajan and group general counsel,Bharat Vasani.

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