Subramanian Swamy wants SIT probe on Ratan Tata for money laundering
Adding fuel to the ongoing the Tata-Mistry boardroom war, BJP Rajya Sabha member Subramanian Swamy wrote to Prime Minister Narendra Modi on Friday seeking a Special Investigation Team (SIT) probe against industrialist Ratan Tata for alleged money laundering.
According to media reports, Swamy, in a letter addressed to the Prime Minister, cited four criminal offences allegedly committed by Ratan Tata and said that he must be “prosecuted with full vigour and without interference of any in the government to protect him”.
Swami said the SIT should comprise officials from CBI, Enforcement Directorate and SEBI, according to a The Times of India report.
The Rajya Sabha member recalled that he had, in an earlier letter to PM Modi, questioned Ratan Tata’s role as Indian partner in Air Asia and Vistara Airlines which was “in complete violation” of the laws of the country.
Swamy had tweeted, “”For the record, Ratan Tata is not a Tata. His father Naval was selected from an orphanage for the childless Tata. In 2G, Ratan was Rotten.” His tweet came soon after the Tata Sons sacked its chairman Cyrus Mistry.
The Tata Sons has accused Mistry of making “unsubstantiated claims and malicious allegations” against the conglomerate as the gloves came off in a bitter and highly public row over his sacking.
Mistry had also alleged inappropriate interference by Ratan Tata, the 78-year-old patriarch who hired him and has come out of retirement to run the business in a caretaker role.
The Tata group, however, dismissed the Mistry’s claim in an eight-paragraph statement on Thursday. “The correspondence makes unsubstantiated claims and malicious allegations,” Tata Sons said in the statement emailed to reporters a day after Mistry’s letter was leaked to the press.
“These will be responded to in an appropriate manner,” the company said without elaborating, raising the prospect that the war of words could lead to a legal battle.