As I always cherished charitable activities, I have decided that every bit of what is left with me should also go to charity," he said in written statement. Mr. Ayyappan was adopted in 1996 by Mr. Ramaswamy and his wife Sigappi Aachi. Ramaswamy Chettiar of Chettinad Charitable Trust and the Dr M.A.M. “I have not received any interest payment or the principal amount,” he said. Ramaswamy Chettiar Trust, he said. In a new turn in the family drama of one of the famous business conglomerates in South India, M A M Ramaswamy, Chairman Emeritus of Chettinad Group of Companies, today said disowned his adopted son M The 84-year-old scion of the Chettinad family of industrialists said: "It is fit to terminate the adoption relationship in our community as the adoption was against the mandatory custom.". I buy my medicines from a local pharmacy.”. Mr Muthiah will be managing the newly created trusts that will be for health, education and other charitable purposes. "I have few days left (in my life). Muthiah.”. This has emotionally affected me,” Mr. Ramaswamy said. While listing a litany of the misdeeds of ‘Ayyappan, Mr Ramaswamy also referred to a deposit of Rs 55 crores he had made in Chettinad Cements for which he has received neither interest nor the principal. We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. M. Ramaswamy. These trusts would be run by Mr .Ramaswamy’s cousin and SPIC Group’s Chairman Emeritus, A.C. Muthiah, and other members of the Chettiar community. 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. Read more about No compromise with foster son, says M A M Ramaswamy on Business Standard. The man, who arguably posses the world’s best race horses, felt saddened that even the animals were not spared by Mr. Ayyappan. According to me, he can be only S. Ayyappan and not M A M R Muthiah. Pointing out to his personal attendant, the philanthropist, who founded the hospital, said, “You can ask him. Printable version | Nov 28, 2020 10:13:41 PM | https://www.thehindu.com/news/national/tamil-nadu/mam-ramaswamy-publicly-disowns-adopted-son/article7298583.ece, DMK youth wing leader was about to begin poll campaign in Thirukuvalai. Ramaswami Chettiar. M.A.M Ramaswamy publicly disowns adopted son, Subscribe to Morning Filter & Evening Wrap newsletter, Watch | Cyclone Nivar: scenes from across Tamil Nadu, Chettinad Group feud: Muthiah ready to accept fair resolution, M.A.M. If you continue to use our site, you agree to the updated Policies. The escalating >Chettinad family feud has taken a fresh twist with industrialist M.A.M. The escalating >Chettinad family feud has taken a fresh twist with industrialist M.A.M. Certain properties had already been transferred to these trusts, he added. Hence I thought it fit to terminate the adoption relationship as in our community the adoption was against mandatory custom”, he said in his statement. Today, even Mr Ramaswamy’s medicines don’t come from the Chettinad Health City, which he founded. 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. The escalating Chettinad family feud has taken a fresh twist with industrialist M.A.M. Ramaswamy’s family feud turns ugly, M.A.M. Hence there is no question of any rapprochement,” Mr Ramaswamy declared in a formal statement as well, which was released to the media. owned now by his former adopted son, Mr Ramaswamy said even his cars had not been spared and had been taken away by the cement company. Listing all the luxury cars (2 Rolls Royces, two Benz, 2 Audi, etc.) The retinue of servants at the palace is also being maintained by him from his personal wealth. Subscribe to The Hindu now and get unlimited access. With a net worth of Rs.1,500 crores, Ramaswamy was one of the richest individuals in Chennai city. According to me, he can be only S. Ayyappan and not M.A.M.R. He accepted that he had “committed a blunder in having adopted such a person and having seen his true colours I was not able to relish even a minute thinking he is my son. Fielding a ranging of questions with felicity and candidness at a press conference here on Tuesday, Mr. Ramaswamy said, “I cherish charity and philanthropy, and he (Ayyappan) is stingy and mean. We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda. “There is no response to the letters written on the topic,” he said. Mr. A.C. Muthiah, who was present at the meeting to lend his support on this issue, said, “Ayyappan tried to meet me but I refused.”. R. Ramanathan Chettiar (1913-1995), son of S. Rm. Ramaswamy Chettiar Trust. However, we have a request for those who can afford to subscribe: please do. Politician of the Justice Party and provincial minister in the Madras Presidency (1936-37). Copyright © 2015 - 2020 Deccan Chronicle. Ramaswamy Whatever the law may be, he is no more my son. Formally disowning M.A.M.R. Formally disowning M.A.M.R. Answering a volley of questions patiently for an hour and half in the presence of his cousin A.C. Muthiah, Mr Ramaswamy recounted all the cruelty inflicted on him at the age of 83 by his former adopted son who has foisted cases on him and set goondas upon his servants in the Chettinad Palace. “He has already deprived me a substantial part of my assets and taken control of various companies/trusts/societies by deceitful methods and not stopping with that he has compelled me to face litigation all over the place, leaving no peace of mind to me at this age. 1’ trailer: Varun Dhawan, Sara Ali Khan pull out all the stops, New species of burrowing frog named after Bengaluru, Facebook cryptocurrency Libra to launch as early as January but scaled back: FT, ‘Paava Kadhaigal’ teaser: Netflix anthology to release on December 18, Protect the right of ordinary people to bail, Supreme Court tells judges, Under house arrest, says Mehbooba Mufti; police deny charge, Two protesters enter field during India-Australia ODI in Sydney, Donald Trump says he will leave the White House if Electoral College votes for Joe Biden, A clear reading of the Ayurveda surgery move, Coronavirus | First ‘wave’ of COVID-19 vaccination to cover 30 crore Indians, Do not have a straw and sipper to give Stan Swamy, NIA tells court.