 "C Sivasankaran")
The board of Tata Capital Financial Services and its auditor have given a clean chit to C Sivasankaran, a close friend of Tata Group patriarch Ratan Tata, on allegations made by former group chairman Cyrus Mistry that the company had incurred huge losses, as the loans given to the Siva group had turned bad.
In its annual report for the financial year ended March 2017, the company’s board said, during the year, certain allegations were made in relation to the loans availed by Siva Ventures and Siva Industries and Holdings, firms promoted by C Sivasankaran from Tata Capital and its subsidiary,
