Wednesday, February 9, 2011

Ratan Tata Letter


Ratan Tata was leading business and highly respected person in India. When he mentioned about the alleged bribe asked by Union Minister for starting an airlines and  forced him to abandon the project made me proud of him. It all started changing when the  Nira Radia tapes was leaked.

Indian Express released the hand written letter by Ratan Tata to Tamil Nadu Chief Minister M.Karunanidhi.
The letter was written on November 13, 2007 about five months after Dayanidhi Maran was forced out. of cabinet. There were reports that Dayanidhi Maran wanted 30% stake from Tata Sky DTH service at par value for Sun TV. Obviously Tata was not happy with this demand and was being cornered. The Karunanidhi's internal family fight forced Dayanidhi Maran out of cabinet which came as relief to Tata.

A. Raja was appointed as Telecommunication Minister as successor to Maran. This was great relief to Tata. Ratan Tata wrote this letter praising Raja less than six months since Raja took over the new role in Sanchar Bhavan. Certainly this is a great relief to Tata and DMK internal family fight helped him as well. In this letter Tata praised Raja saying "rational", "fair", "action-oriented" leader. He went on to say, on most part Raja's policies on spectrum are "legally sound" and "rational". (We now know rational to whom and how much it is legal).

Ratan Tata also praised Karunanidhi by saying, the history praises the vision, creativity, high growth achieved by Karunanidhi and his party. (The Vision is to make money for themselves, Creativity  in investing the looted money, high growth in Kalignar TV). Tata mentioned that DMK possibly can take credit for the great achievement and significant contribution to the country (Certainly Rs 1760000000000 crore loss to exchequer is great achievement and reinvesting them in other sectors through back channel is significant contribution).

Ratan Tata praised  Karunanidhi for his great vision (may be Free TV which is expected to help Tata Sky) and great equity (may be refering to Dalit card to support A.Raja as Judicial fairness ).He also confirmed that Raja works under the direct instruction of Karunanidhi by saying "can be delivered under your leadership by Mr.Raja". He also requested Nira Radia to deliver this letter in person.

It is very clear that Ratan Tata is happy with Raja and do not want Dayanidhi to get back in Sanchar Bhavan. It is obvious that Tata lobbied for A.Raja since it benefited in 2G spectrum and want to keep it that way. Tata gifted Voltas land to Rajathi Ammal to achieve this goal. I hope CBI extends his investigation to Tata group as well.

Your comments and suggestion are most welcome.

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