A password will be e-mailed to you.

Cyrus Mistry Steps Down from All Tata Group Companies

cyrus mistry news
 19 December 2016, India:
Former chairman of Tata Sons, Cyrus Mistry has resigned from all Tata Group companies saying that it was in the best interest of shareholders, and employees of the Tata Group.

Cyrus Mistry said, “Over the last five decades my family’s steadfast support for the Tata Group has been one of guardianship. We have always ensured that we did the right thing for the right reasons, regardless of the consequences.”

He added, “It has now been eight weeks, waiting for concrete reasons to be provided by Mr. Ratan Tata for the illegal coup he staged on the 24th of October. Nothing cogent has been forthcoming.”

Also read- ANAND SINHA APPOINTED AS DIRECTOR – PARTNERSHIPS & STRATEGIC INITIATIVES OF FREECHARGE

Mistry revealed, “Under the Interim Chairman Mr. Ratan Tata, a subsequent Board Meeting of Tata Sons was held on November 17th. With full knowledge of the fraud, further funds were released to Air Asia India. Yet, no concrete steps, expected of an ethical organization to fix responsibility for the fraud have been taken till date.”

Mistry was keen to conclude the matter in a logical way and stated that he will work on protecting the interests of the Tata Group and realizing the vision of Founder, Jamsedji Tata, until last breath. Source- TNN / Image- WSJ

Also read- ONLINE JEWELLERY MARKETPLACE VIVOCARAT RAISES $50,000 FUNDING

Comments

comments

Send this to friend