The long-running tussle between promoter of cement major Chettinad Group and his adopted son has taken an ugly turn. Chairman and promoter MAM Ramaswamy on Sunday alleged that his adopted son MAMR Muthiah had been trying to eliminate him in a bid to control the group.
Muthiah’s lawyer, however, denied any such attempt, and alleged that Ramaswamy’s men had in fact attacked his client. The police came down in large numbers at the Ramaswamy’s residence following the complaints and asked both the parties to amicably settle the issue, sources here said.
It all started on Saturday midnight when over 100 people, belonging to both the sides, clashed inside the Chettinad Palace located at the heart of Chennai. Ramaswamy called reporters in the wee hours claiming nearly 30-40 supporters of his adopted son had entered the premises, broke the windows and were trying to take away documents.
He also alleged that these men wanted him dead and showed an injured servant to the media.
“The aim of the people belonging to other group, who were involved in the clash, is to finish me. Almost 90% of my assets have been taken away by my adopted son and only 10% is left with me. The attack on me is aimed at completely throwing me out of Chettinad Group, including from my palace,” Ramaswamy claimed.
Chettinad Group is considered to be one of the largest cement companies in southern india with an annual capacity of around 15 million tonne.
Attempts to reach out to Muthiah proved futile. However his lawyer M Murali told reporters that his client (Muthiah) reached Chennai from Singapore at around 10.30 pm and drove straight to house (father and adopted son stay in the compound but in different blocks). He found his room and office inside the palace locked.
The Muthiah’s lawyer further said that it was Ramaswamy’s men who locked the room and people belonging to him were involved in attacking his client (Muthiah). In an attempt to protect him, Muthiah’s securities had to involve themselves in the clash, the lawyer said.
The Muthiah’s lawyer also said that in front of the policemen, a talk was held between the father and son and both have agreed for a compromise.
It may be noted that both Ramaswamy and his adopted son have been in a strained relationship over the last few months, which saw a number of untoward events and several litigations. Nearly a dozen cases are pending in various forums, as part of the dispute between the father and the adopted son.