USD 50 million gift from Tata Trusts to Harvard Business School under scrutiny

A USD 50 million gift from Tata Trusts to the prestigious Harvard Business School in 2010 has come under scrutiny in the US with questions being raised about public money from India being "apparently misdirected" to the most privileged and wealthy in the world.

Alan Beard, managing director of Interlink Capital Strategies, a Washington-based financial advisory firm, and a former adjunct professor at Georgetown University, writing in the website The Daily Caller questioned "how does one of America's most prestigious institutions catering to the elite manage to have its silver spoon taken from the most destitute? And how can such a revered institution of business management be so blind to the ironies of accepting questionable funds that go against every tenet of good governance?"