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Ratan Tata will beneficiary sparks controversy
The Statesman Siliguri
|February 08, 2025
The last will of late industrialist Ratan Tata has surprised those who were close to him, after it gave away more than Rs 500 crore to a little known 74-year-old entrepreneur from Jamshedpur called Mohini Mohan Dutta.
The controversy began after Mr Dutta positioned himself as the late industrialist's adopted son, though according to the will and its codicil, Ratan Tata never married nor adopted any children.
According to what is known about Tata's will, the 74-year-old Mr Dutta will receive one-third of his residual estate, comprising bank deposits exceeding Rs 350 crore and proceeds from auctioning personal belongings such as paintings and watches. Ratan Tata's half-sisters Shireen Jejeebhoy and Deanna Jejeebhoy are to receive the remaining two-thirds of the residual estate. His half-sisters also serve as executors of his will after he passed away in October 2024.
Besides his half-sisters, trustees of Tata Trusts, namely Darius Khambata and Mehli Mistry, are also executors of his will.
This story is from the February 08, 2025 edition of The Statesman Siliguri.
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