A war inside India’s biggest business group got murkier on Thursday as Tata Sons accused ousted chairman Cyrus Mistry of trying to wrest control of group firms and doing little to fix problem areas. The Tata Sons shocked the corporate world last month when it removed Mistry -- the single largest individual shareholder in the group that operates in 150 countries. Read: Ishaat Hussain to replace Cyrus Mistry as TCS interim chairmanStatement from Tata Sons https://t.co/dOBQWV0GNT — Tata Group (@TataCompanies) November 10, 2016The statement alleged Mistry tried to gain control of Indian Hotels Co (IHCL) with the help of independent directors after ensuring he was the only Tata Sons representative on board. “The trust reposed by Tata Sons in Mr Mistry… has been betrayed by his desire to seek to control main operating companies. “These two jewels in the Tata crown were inherited by the new chairman from the previous chairman, Mr. RN Tata…for which Mr. Mistry cannot take credit.”

Source: Hindustan Times November 10, 2016 07:44 UTC