In letters to PM, wants Ratan to be prosecuted for fraud
New Delhi: Harping on ousted Tata chairman Cyrus Mistry”s disclosures, senior BJP leader Subramanian Swamy has sought a probe by a SIT (Special Investigation Team) comprising CBI, Enforcement Directorate and SEBI and prosecution of Ratan Tata for fraud as Indian partner in Air Asia and Vistara Airlines, “without the government”s interference” to protect him.
In two letters shot off to the Prime Minister on Friday, he asserted that Tata was guilty of conspiracy, dishonest misappropriation of public funds, criminal breach of trust and cheating. In another letter, he urged the PM to order immediate suspension of all flights of Air Asia and Vistara till a full investigation is concluded.
Dr Swamy said he was the first to allege fraud and illegality in formation of the two airlines in a letter to the PM and then in a writ petition admitted for hearing by Delhi High Court to stop all their flights pending full investigation. He said Mistry”s October 25 letter to directors of Tata Sons Ltd confirms authoritatively and conclusively what he had written to PM earlier.
He said Mistry”s letter reveals the fraudulent transaction of Rs 22 crore (US $3.3 million) involving non-existent parties of India and Singapore. “A quick read of this sentence reveals that it might have been a payoff or a bribe or a consideration. He said this is a severe indictment of Ratan Tata who was chairman of the company at the relevant period.