Tatas today said that the Sunday Telegraph of London has clarified the group's position that it did not do carbon trading to pocket 1.2 billion pound (over Rs 8,100 crore) through transfer of steel facility in Britain to India at the cost of 1,700 jobs.
"The Tata group has noted the apology published by the Sunday Telegraph. Over many decades the Tata group has ensured our companies adhere to the highest ethical standards and we take very seriously any attempt to damage our reputation," the group said in a statement.
Sunday Times today said that it was wrong in reports in December 2009 that Tata had used the carbon trading scheme to transfer steel production from Redcar in England to India, pocketing 1.2 billion pound in carbon credits at the cost of 1700 jobs.