Shyamal Majumdar: Noise after a long silence

Why did Nusli Wadia choose to remain a silent spectator for so long?

In a series of letters over the past couple of weeks, Nusli Wadia has raised several questions about the way the Tata Group has been functioning over the years. The allegations are serious — violation of insider trading norms by Ratan Tata and some of his trusted lieutenants; the way Corus was acquired at a heavy cost to Tata Steel’s domestic operations; the Nano misadventure, etc. On their part, the Tatas have accused Wadia of galvanising other independent directors to act against the interests of the group.

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