A Tata source today accused senior AF Ferguson partner Y M Kale of withholding a key statement that implicated former Tata Finance managing director Dilip Pendse and other former Tata Finance executives in falsification of accounts, despite repeated requests for the statement.
If Kale had withheld the statement, it would explain why Ferguson withdrew its report. Kale and the investigation team are reported to have resigned from Ferguson. Ferguson officials and Kale were not available for comments.
The Tata source said the Tatas wrote to Ferguson on July 23 referring to this. Replying to the letter from the Tatas, Ferguson said while it was not in a position to respond to each point raised in the letter,
