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Cyrus Mistry rakes up Niira Radia episode to refute Tata's claim on expenses

Says replacing Radia firm with Arun Nanda's company right before Mistry's entry cost Tatas a bomb

Ousted Chairman of Tata Sons Cyrus Mistry leaves from Bombay House in Mumbai.
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Ousted Chairman of Tata Sons Cyrus Mistry leaves from Bombay House in Mumbai.

BS Web Team New Delhi
Refuting Tata Sons’ claim that expenses rose during his stint at the helm of affairs at the group, ousted chairman Cyrus Mistry on Tuesday said the replacement of controversial lobbyist Nira Radia’s Vaishnavi Communications with Arun Nanda’s Rediffussion Edelman just before he took over resulted in a jump in cost from Rs 40 crore to Rs 60 crore a year.
 
“She (Radia) had been replaced by Arun Nanda (Rediffusion Edelman), who had been brought in by Ratan Tata at a cost of Rs 60 crore per year for PR support just prior to Mistry taking charge,” Mistry’s office said