Apparently, AC Muthiah had been approached by MAMR Muthiah to mediate between the father and the son, but AC Muthiah refused. For reprint rights: Times Syndication Service", Chennai turns virtual island; road, rail, air links disrupted, With Instant savings account, interactive app, credit card and more, ICICI Bank ‘Mine’ is a complete banking package for millennials, 10% attendance at Madras HC due to heavy rains. Muthiah also reportedly believes that Ramaswamy only indulges in charity for people around him, and not for the larger society or community. The M. Ct. family has descended from one branch of the S. Rm. Ramaswamy was also a maternal cousin of former Indian finance minister, P. Chidambaram. MAMR Muthiah is a sharp, astute businessman. He has also said openly that the business comes first, and that he will not allow anything which harms the company’s interest. family. Having been stripped off it, Ramaswamy felt that he needed to do something else to remain relevant. Chettinad Cements, for example, is a publicly listed company with shareholders. Those close to him say that he believes that one cannot do charity from others’ pockets, so the business arm of the group should not be forced to spend money on charity. Is there someone else behind this public showdown? Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Some believe that the trouble between the father and son is rooted in the takeover of Annamalai University by Tamil Nadu government in 2013. Complete list of 43 apps banned by the govt, SC seeks Centre's response on plea to fix cost of RT-PCR tests at Rs 400, PM Modi has indicated Covid vaccine likely to be ready soon: Yediyurappa. He does not like anyone interfering in his business, and is credited with bringing the up value of Chettinad Group from Rs 60 crore when he took over in the 90s to Rs 4000 crore now. He has been at the helm of affairs since the late ’90’s. “Whatever the law may be, he is no more my son. Today, Ramaswamy is quoting the same violation to disown him, he says he never adopted him under the community rules so he can disown him. The two new trusts will be chaired by Ramaswamy’s cousin, AC Muthiah. But the same family in the same generation has another failed but lesser known adoption — that of Annamalai Chettiar. Confirming the news, G P Jayakumar, spokesperson for his cousin A C Muthiah, said the patriarch of the 103-year-old Chettinad empire, had been undergoing treatment for multiple health problems at a city hospital. It was well known in Chennai that Chettinad Group chairman MAM Ramaswamy and his adopted son, who is in control of Chettinad Cement, have been at loggerheads. According to me, he can only be S Ayyapan and not MAMR Muthiah,” he said at a press conference recently. Immunity booster juices, supplements & more for overall health, 5 stunning bridal jewellery pieces for every bride-to-be, Terms of Use and Grievance Redressal Policy. On adoption, Ayyapan became MAMR Muthiah. MAMR Ramaswamy, Chairman Emeritus of the Chettinad Group who has no active role in the group’s business operations but takes immense interest in the philanthropy of family trusts, is fighting with his adopted son MAMR Muthiah, the business head of Chettinad group. It has also been reported that AC Muthiah said that MAMR Muthiah ‘hijacked’ Chettinad Cements. Adopted by MAM Ramaswamy’s sister … Ramaswamy says that his son MAMR Muthiah has betrayed him. The History Behind the Feud Ripping Apart Chettinad’s First Family. Ramaswamy went against the Chettiar community and adopted a son from another sect. Members of one of South India’s largest, oldest and most valuable family-held business groups washed their dirty linen out in the open. MAM Ramaswamy is easy with his charity. In 1996, Ramaswamy decided to adopt a son to take over the business and take care of him in his old age. The foster son of MAM Ramaswamy, the octogenarian patriarch of the Chettinad family that runs a Rs 4,000-crore business empire, has alleged that former BCCI chief and Ramaswamy's cousin AC Muthiah has created documents with Ramaswamy's thumb impressions in an apparent attempt to transfer wealth. His family is called 'The Rajah family' and he … Ramaswamy had an older brother Muthiah, upon whose death in 1970 at the age of 40, Ramaswamy inherited the title Kumar-rajah of Chettinad and Chairmanship of the Chettinad Group of Companies. He runs the group with an iron-fist and is known to have good business acumen. Many following the sequence of events are asking, what is the real reason behind this feud? But several questions remain unanswered. Ramaswamy’s final will, a copy of which THE WEEK had access to, lists the properties owned by him at the time of his death and how he inherited them from his ancestors. Ramaswamy came from old money and was part of the famously industrious Nattukottai Chettiar community. Muthiah, previously called Ayyappan, was born in a Chettiar family but adopted by Ramaswamy in 1996 when he was in his 20’s. The combined wealth of the business and nonprofit assets of the Chettinad group is believed to run in to several thousand crore rupees. Chettinad Owner, MAM Ramaswamy, Disowns Adopted Son, I-T Department Raids Rs 10,000 Cr Chettinad Group of Companies. The father has now disowned the adopted-son. Chennai business tycoon M A M Ramasamy dies, leaves behind troubled legacy. Now, on the basis of another complaint by Ramaswamy, similar cases have been filed against Muthiah and his men. MAMR Muthiah defends some of his actions. For Ramaswamy, it was the crown jewel of his public life. 1. A father-son faceoff turned full-fledged family drama evinced interests not just among the business classes, but even the average person on the street thanks to the wide reach of the Chettinad family through their philanthropy. A day before the meeting, the CBI had arrested the Registrar of Companies in Chennai for allegedly taking a bribe from Ramaswamy for declaring the meeting null and void. The first hiccup came when the Ramaswamy’s father MA Muthiah passed away in 1974. His other illustrious cousin is former finance minister P Chidambaram.

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