Cyrus Mistry Refutes Charges Over AirAsia India Woes

TIL Desk/Business/Mumbai/ Former Tata Sons Chairman Cyrus Mistry on Thursday denied “malicious and defamatory allegations” levelled against him over AirAsia India woes.

“It is well documented that R. Venkataraman was intimately involved in the affairs of AirAsia India right from its inception. He has had many roles including that of Executive Assistant to Ratan Tata at the time of the formation of the Company, Tata Sons’ nominee on the Board, as well as that of a shareholder with a 1.5 per cent stake in the company,” Mr Mistry said in a statement.

“Therefore, his weak excuse that he was only a non-executive director without any responsibility is totally without any merit.” Mr Mistry said, “This ridiculous attempt to question the independence of the CBI and to cloak his alleged misadventures by using my name is treated with the contempt it deserves.””Needless to state, I deny all the malicious and defamatory allegations against me.”

Mr Mistry’s statement comes a day after AirAsia India’s Director Venkataramanan in a statement said: “It is commonly known that the present accusations against AirAsia India find their root in baseless allegations made by Cyrus P. Mistry and the Shapoor Pallonji Group against Tata Trusts Trustees (me included) and Tata Sons in his ‘revenge’ legal actions.”