Chapter 458 The Greatest Wealth

Cyrus' personal freedom was not restricted, but his subordinates, such as He Yemu, were basically caught by the police and became prisoners.

Because the Tata Group reported to the police that these people were involved in embezzling a huge amount of group property.

This involves illegality and crime.

In this way, the police naturally have the power to investigate these people.

Then it is only natural to take Heyemu and others away for detention and investigation.

The more Cyrus thought about it, the angrier he became.

He was very clear about the relationship between Rotun and Ratan.

When He Yemu and the others fell into Luoton's hands, they could find any problems.

Not to mention that he knew that Heyemu and the others did have big problems.

Cyrus was not unaware that Heyemu and others were taking advantage of their status to make profits.

But these people are his close confidants, so he will definitely turn a blind eye to these things.

Heyemu and his men have damaged the interests of some groups, but in Cyrus's opinion, there were many such incidents when Ratan was in power, or even more.

As his trusted subordinates, of course he also needs to provide them with some benefits.

Isn't it a common practice to get benefits from the Tata Group? As long as He Yemu and others are loyal to him, this little thing is nothing. Otherwise, how can he lead the team? But now the situation has reversed, so if these things are brought out, it will be very fatal.

Although Ratan did not target him directly, the affairs of people like Heyemu would sooner or later involve him.

"No, I can't just sit there and wait for death," Cyrus thought to himself.

Since Ratan was determined to kill him, Cyrus felt that he had nothing to hesitate about.

Two days later, on October 26, Cyrus launched a counterattack.

Sellers wrote a lengthy letter and emailed it to various directors of Tata Holdings, questioning the various bad and questionable mergers and acquisitions that his predecessor, Ratan Tata, had pushed before leaving office.

For example, the acquisition of British steel companies, which were clearly sunset industries and had been losing money, was acquired at a huge price. There were various types of interest transfers involved.

Cyrus also pointed out that during Ratan's tenure, he personally reaped huge profits from the group, damaging the interests of all shareholders.

In short, this email exposes some illegal activities of Ratan and his cronies.

The power struggle within the Tata Group can be said to have reached its peak.

Cyrus was removed from the position of chairman and Ratan took over the position of chairman temporarily.

Soon after, the news media broke the news that many senior executives of the Tata Group had been arrested and investigated by the police.

These things have touched the nerves of the people.

After all, the Tata Group is a pride of the Indian people, and it is really unexpected that such a thing is happening now.

Of course, Cyrus's counter-email soon broke out and was leaked to the media.

The public immediately learned more about the inside story.

Of course, Cyrus certainly said various things against Latan, some of which were not facts, but what he thought. There was no actual evidence and they were all smears.

But at this point, Cyrus must have exaggerated the matter in order to attract more people's attention and put more pressure on Ratan.

"Brother, Bowede is panicking." Wides called Roton.

Roton could tell that Vides was gloating.

This is so normal.

You know, the Law Enforcement Bureau helped Cyrus a lot before.

The CBI, on its part, is targeting the Enforcement Directorate and is on Ratan’s side.

Now, the power struggle in the Tata Group has come to an end, and Cyrus has been defeated.

This caused a big problem with Bowede's previous team stance.

What Bowede did before obviously offended Ratan, and the consequences are unpredictable.

So now Vides really wanted to see Bowede's expression, and he was happy in his heart, so he called and talked to Roton about this matter.

After all, when he stood on Ratan's side, he had the approval of Rodan.

If it weren't for Rotten, he might not have made up his mind on this matter.

"Is that guy finished? It would be best to remove his director of law enforcement," Vides continued.

"If we remove him, won't the others who come up target the CBI?" Roton asked with a smile.

"What you said does make sense. But I am still very happy to see that guy Bowede is in trouble." Vides said with a smile.

Of course, he also understood in his heart that the Law Enforcement Bureau now had strong support from the Ministry of Finance, and behind it stood the old immortal.

The government on its part wants to curb the power of the CBI.

Therefore, no matter who comes to power and who becomes the director of the Law Enforcement Bureau, the competition between us and the Law Enforcement Bureau will not stop.

Instead of placing hope on replacing the other party with a less powerful director, it is better to continue fighting with Bo Wade, after all, everyone is more familiar with each other.

Putting your hope on the other team to make a substitution shows your lack of confidence in yourself. It is better to just admit defeat.

Regardless of whether Bowede will be dismissed this time, at least this guy will definitely be criticized.

Thinking of this, Vides still felt relieved.

The power struggle within the Tata Group has dominated the front pages of almost all major news media.

After this incident broke out, it naturally affected the share price of Tata Group. The share price plummeted and the market value lost billions of dollars in the past two days.

Roton paid attention to all of this. He knew that because of this incident, the market value of Tata Group fell by hundreds of billions of dollars.

However, stock prices are inherently volatile, and with the new chairman taking office, the stock price gradually recovered.

Of course, this fall in share prices will definitely have a huge impact on the Tata Group in the short term.

Due to the high status of the Tata Group in India, its turmoil inevitably affected the national economy of India, and the stock market also fluctuated accordingly.

Laoxian, as the head of the government, also came out to speak on the matter.

He hopes that both sides can remain rational and not act impulsively.

In short, I hope that both sides can cool down a little and not continue to escalate the incident.

But for Cyrus, cooling down the situation is definitely not in his interest. It would be beneficial for him to make things bigger and muddy the waters.

Rotten has captured many of Cyrus's confidants and is now interrogating and investigating them.

For now, these guys are mostly keeping quiet and tough-mouthed.

But there is no rush, Roton has plenty of time to play with them slowly.

Cyrus is bound to fail, and his end will be miserable.

As for those who followed Cyrus's confidants, there is no need to say what their fate would be.

By then, Ratan will definitely not let them go.

That night, Sori came to Rawdon's residence.

"Have you exchanged all your money?" asked Rawdon.

"All of them were exchanged the day before yesterday," said Sori.

"Very good, there shouldn't be any problem, right?" Roton asked again.

"Don't worry, I asked a lot of people to go to the bank to exchange the money separately..." Sori explained hurriedly.

Rawdon smiled.

He knew that Sori's company had a lot of cash, some of which was income from legitimate businesses, but a lot of it was gray income.

In India, both the rich and the powerful like to hoard cash, especially cash of large denominations, so as to avoid being investigated or paying taxes.

But Roton knew that the old immortal was about to launch the first banknote abolishment order.

This demonetization order will invalidate the 500 and 1000 yuan banknotes currently in use.

Sori has a large amount of these banknotes in his hands, and Roton doesn't want to suffer an unexpected disaster, so he asked Sori to start the currency exchange operation in advance.

Exchange these two large-denomination banknotes for the small-denomination ones below to avoid the demonetization order.

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"How is the progress of that real estate project?" Rawdon asked again.

"We have already reached an agreement with the bank. As long as the project is approved, there will be no problem with the loan," said Sori. "The government's attitude has also changed. They are beginning to have some opinions about SP Group winning the project."

This real estate project is still in the hands of SP Group, but for Luoton, he has long regarded this project as his own.

Cyrus is no longer the chairman of Tata Group, so the change in the government's attitude is not surprising at all.

These guys are weak-willed and will only take advantage of others' misfortunes.

The Cyrus incident naturally affected the SP Group's position in the government.

Sori has teamed up with Reliance Group and the Tata family to intervene in this project, and the government has to consider their influence.

"SP Group won't give up so easily, right?" asked Roton.

"Yes, they haven't given up yet." Sori smiled, "I got the news that Shapur has recently obtained a lot of funds, with the purpose of showing that he has sufficient funds and demonstrating his strength to the government, saying that they can better implement this project. Of course, some people also say that Shapur has privately obtained a lot of funds this time, especially hoarding a lot of cash, with the purpose of providing support to Cyrus."

"Hoarding cash?" Rawdon asked.

"Yes, Shapur sold some of his family's businesses and recovered a lot of funds." Sori said, "Cyrus's dispute with the Tata family this time will definitely cost a lot of money. Shapur has made preparations early."

Luoton smiled and said, that's true.

Whether it is filing a lawsuit or hiring a lawyer, or finding various people and connections, it all costs a lot of money.

"You said they hoarded a lot of cash?" Rawdon asked again.

"Yes, the assets they sold were basically sold in cash," Sory said. "In fact, everyone basically does this."

Of course, Roton understood this. For such large transactions, private cash transactions could evade taxes.

"So, Shapur has a lot of large-denomination banknotes in his hands." Rotten said with a smile.

“Yes, tens of billions of rupees, I’m afraid,” Sori responded.

He was not quite sure why Rawdon asked him to exchange the large-denomination banknotes for small ones.

But he believed that there must be a reason why Rawdon did this.

After all, Roton is in a high position, so he must have some inside information, so it is definitely right to do so.

If Shapur still has a large amount of high-value banknotes in his hands, then there would probably be a big problem.

"Very good." Luoton smiled, "You still have to keep an eye on SP Group in the near future."

After Sori left, Rotten couldn't help but think about it.

Hundreds of billions of rupees! Next, Rodon will make Shapur's money void.

In fact, even the sudden banknote abolishment order issued by the old immortal actually had very limited effect.

Laoxian’s original purpose was to crack down on all kinds of black money.

Because there is a large amount of illegal income among the people, especially those wealthy people who hoard cash at home.

In Laoxian's opinion, they dare not take out these illegal incomes to exchange at the bank.

Due to the huge amount, you have no way of explaining the source of the funds, which helps to combat black money.

But the old immortal still underestimated the abilities of these powerful people.

The bank has a limit on the amount of banknotes that can be exchanged per person, so they hire a large number of poor people and have them take the large-denomination banknotes to the bank to exchange them.

In this way, it would be like an ant moving, exchanging all the huge wealth, that is, the black money.

In the end, 90% of the large-denomination banknotes on the market were recycled, which did not achieve the effect that the old immortal expected.

In this way, the dirty money was laundered.

Those powerful people basically suffered no losses.

The people who suffer the most are the middle class, who do not have such a large network of connections and are not as powerful.

The family had managed to accumulate some cash, but in the end, due to the exchange limit, a lot of it could not be exchanged in time, and the wealth was just wasted.

This money may be left over from large transactions, such as selling land or houses, which are often traded directly in cash.

An incident was mentioned in the news later on, which was about an Indian woman who had just sold a piece of her land and received cash, all of which was large denominations of banknotes.

As he was unable to exchange all the cash before the large-denomination banknotes became invalid, he suffered heavy losses and finally chose to commit suicide in despair.

Under normal circumstances, when the old immortal issues the banknote demonetization order, with the ability of the Mistry family, they will definitely be able to exchange the huge amount of cash in their hands in time.

But now that Luoton knew it, he couldn't let this happen.

He wanted to let the cash in Shapur's hands rot in his hands. With the power that Roton now held, it was not difficult to do so.

If he has a grudge with Cyrus, then he has a grudge with the Mistry family.

Now that we have done it, we must do it thoroughly and eradicate the root of the problem.

This time, Luoton not only wants to acquire this real estate project, even SP Group is not Luoton's ultimate goal.

Roton's appetite became bigger, and his ultimate goal was to set his sights on the more than 18% of Tata Group shares held by the Mistry family.

The Mistry family is one of the richest families in India. The reason why they are ranked high is not because of the SP Group, but because of the more than 18% shares of the Tata Group.

It can be said that these shares account for more than 90% of the Mistry family’s wealth.

So this is the greatest wealth.

As for the huge conflict between the Mistry family and the Tata family in the future, Roton felt that if he planned carefully, he might be able to get these shares.

His current power is enough to support him to do these things.

Of course, Rotun couldn't eat it all by himself.

We will have to find someone to cooperate with us when the time comes.

For example, you can continue to look for Mukesh and Ratan, I believe they will definitely be interested.

(End of this chapter)