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  1. Cyrus Mistry accuses Tata Sons director of having AugustaWestland scam links; calls Ratan Tata ‘liar’

Cyrus Mistry accuses Tata Sons director of having AugustaWestland scam links; calls Ratan Tata ‘liar’

Former Tata Sons chairman Cyrus Mistry today accused Vijay Singh, a nominee director on the Tata Sons board, of coming up with theories in order to defend his role in the conspiracy hatched by Ratan Tata.

By: | New Delhi | Updated: December 11, 2016 8:44 PM
It's amusing to see Vijay Singh cook up stories to defend his role in Ratan Tata's conspiracy to replace him. (Reuters) It’s amusing to see Vijay Singh cook up stories to defend his role in Ratan Tata’s conspiracy to replace him. (Reuters)

Former Tata Sons chairman Cyrus Mistry today accused Vijay Singh, a nominee director on the Tata Sons board of playing a key role in AugustaWestland scam. Adding that Vijay had no track record either as Madhya Pradesh chief secretary or as defence secretary, also accused him of of coming up up with theories in order to defend his role in the conspiracy hatched by Ratan Tata to remove him as the chairman of the conglomerate. In a statement, issued by his office, Cyrus Mistry said its amusing to see Vijay Singh cook up stories to defend his role in Ratan Tata’s conspiracy to replace him.

In his statement, Mistry also claimed that being a part of the nominations and remuneration committee (NRC) of Tata Sons, Singh on June 28 had given review of his performance as the chairman of the group. After reviewing the performance, members recorded their recognition and praised his initiatives aimed at promoting cohesive functioning of the group in accordance of its distinctive values, Mistry said.

In yet another surprise attack, Cyrus Mistry said, “Repeat a lie a thousand times & hope it becomes a truth, seems to be Ratan Tata’s last-ditch effort to overcome a monumental disaster his (Ratan Tata) actions have unleashed.”

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In his further reply to Tata Sons, which had charged that “Mistry was doing nothing” at Tata Motors, he also claimed that Singh had said that Tata Motors had come up with some of their best models in recent years under his watch. Mistry further said that Singh was part of the Tata Sons board that accepted that the company could reassess opportunities in the QSR segment at the board meeting on June 29. Singh had stated that this was one of the reasons for the sacking of Mistry.

Earlier in the day, Tata Sons said that Cyrus Mistry had misled the selection committee set up in the year 2011 to select the successor to his predecessor Ratan Tata. In its latest attack, the group hit out at Cyrus Mistry saying that he had made lofty statements about plans for the Tata Group, but didn’t give into effect management structures.

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