Wadia complains to Sebi about Tata group's independent directors

Schraven, Robb, Srinivasan & Munjee have conflict of interests, says Wadia

Nusli Wadia, the chairman of Wadia group of companies, has written to market regulator, the Securities and Exchange Board of India (Sebi), claiming some of independent directors of Tata group companies have a “direct conflict of interest” and should be removed from the boards.

The persons he has named are Tata Steel independent directors Jacobus Schraven and Andrew Robb, and Mallika Srinivasan and Naseer Munjee, independent director of Tata Chemicals and Tata Motors, respectively. 

Till recently, Wadia was also an independent director on the boards of Tata Steel, Tata Motors and Tata Chemical. However, after Cyrus Mistry was ousted as