535. The fiefdom of the Tata Trust

535

India: The fiefdom of the Tata Trusts

          The Prime Minister of India, Mr. Narendra Modi, on 4 December 2016,  said that his masters are the people.

But many of his actions are not consistent with this statement.

Union Minister Mr. Venkaiah Naidu, in a centre page article in The Hindu on 5 December 2016, narrated the steps taken to recover the black money stashed in foreign banks.

Curiously, he was silent about the Swiss papers mentioned in the last chapter.

          President elect Mr. Donald Trump, vowed to impose 35 per cent tax on any  US company that built new factory in other countries after firing American workers.

India must take a leaf out of his book.

          Justice J.S. Khehar is to be the new Chief Justice of India.

          As a rule, men like him do justice to their job.

          Chief Minister of Tamil Nadu State Miss. Jayalalithaa passed away on Monday, the 5th December 2016, following a cardiac arrest.

          The Government and the Commissioner of Police must be commended for the excellent law and order arrangement during the funeral. The people heaved a sigh of relief because no stampede or road accidents occurred.

          It must be stated that Miss. Jayalalithaa won the mind of the people, particularly the poor people of Tamil Nadu.

          But, she could not do many things she wanted to do.

          Her condition was similar to the condition of the present Prime minister of India. The Prime Minister wants to be above corruption. But he gave  Re.33000 crore to a private individual.

The succession struggle in the Tata Group continues.

 Mr.Tata says that Mr. Mistry does not fit well in the Tata Trusts. He alleges that Mr. Mistry caused huge financial loss to the Tata Group. He says Mr. Mistry wanted to convert the companies of the Tata Trust into his own companies.

Further, he considers Mr. Mistry as a disruptive force. Therefore, he takes effective steps to remove Mr. Mistry from all key positions in the companies of the Tata Trust.

Mr. Tata, furthermore, says that he holds about 66 per cent shares of the Tata Trust and that all other stake holders must either quit the Tata Group or remain as passive members.

In contrast, Mr. Mistry says that Mr. Tata converted the Tata Trusts as his personal fiefdom. He says that Mr. Tata is capricious man. He says that Mr. Tata is a liability to the Tata Trusts. He says that there is breakdown in the governance of the Tata Trusts

Mr. Cyrous Mistry, further, says that the companies of the Tata Group is not the personal fiefdom of any one  individual, not to the trustees of the Tata Trust, not to the directors of the Tata Trusts and not to the directors of the operating companies but to all the stakeholders. .

          Mr. Mistry, furthermore, points out the absence of natural justice in the governance of the Tata Trusts. Therefore, he says that the conferment of all decision making power in one man or a high command among them is unethical, improper and breach of trust.

He says that the above condition gives them personal benefits.

Therefore, he seeks the intervention of the government to remedy and repair the break down.

It is true that no one should form a Trust to cheat the people, his neighbors or brothers.   

But, what intervention does he mean?

Does he mean Satayam like intervention?

Does he mean the liquidation of the Tata Trust?

Does he mean that the tenure of the office bearer must be limited to two or three years by amending the Trust and Societies Act?

Nothing is clear. Therefore, he must elucidate his demand.

The Union Government indirectly invested in the companies of the Tata Trusts more than what the Tata Trusts and Mr. Cyrous Mistry put together.

          But the Government of India remains as a silent spectator.

          This happens because Tata Trusts converted India into its fiefdom.

How is it possible?

          In order to govern India, one need not be a political leader. He need not talk anything. What all one needs is that one must be capable of controlling the public mind.

          The Tata Trust converted India into fiefdom by controlling the public mind.

           Whatever happened, the government must be ready to take a super human effort similar to the one taken for demonetization because there is breakdown in the governance in all Trusts all over India.

This is letter No.535

   This letter is being submitted to His Excellency the President of India, Supreme Court of India, Chief Vigilance Commissioner, Indian Army and the Indian Air Force, and posted in the blog: www.howeverythinghappenedinindia.blogspot.com  on 10-12- 2016.

10  December 2016.

V. Sabarimuthu,

26-3 Thattamkonam, Vellicode, Mulagumoodu PIN: 629167, India.