Close X
Monday, November 11, 2024
ADVT 
International

Swraj Paul's Son Angad Falls To Death In Britain As The Family Business Collapses

Darpan News Desk IANS, 09 Nov, 2015 10:01 AM
    Angad Paul, son of Swraj Paul -- an India-born Britain-based business magnate and philanthropist -- died after falling from his eighth-storeyed penthouse home here, a media report said on Monday.
     
    Angad fell eight storeys on Sunday night, landing on the roof of another building below. Paramedics pronounced the 45-year-old dead at the scene in central London, Mirror Online reported.
     
    Police on Sunday night said there were no suspicious circumstances and they were investigating the incident.
     
    Angad was the CEO of Caparo Industries steel firm situated on Baker Street in London.
     
    Caparo Industries is reported to be on the brink of going into administration as a fallout of the UK steel crisis.
     
     
    Caparo reported an annual operating loss of 700,000 pounds for 2014 as compared with the previous year's profit of 3.1 million pounds.
     
    Its UK operations posted much higher losses at 2.5 million pounds, compared with the 1.7 million pounds profit made the year before.
     
    Its interests include manufacture of car components and steel pipes, hotels and hospitality.
     
    Several other projects include manufacture of superfast cars, films and design.
     
    Britain's steel industry has fallen into a deep crisis due to cheap Chinese imports, higher energy costs and the current strength of the pound sterling.
     
    Losses at UK's largest steelmaker, Tata Steel, have forced it to announce 700 job cuts in Yorkshire and several hundred layoffs at its South Wales plant. The company's losses doubled last year to 768 million pounds.
     
    Caparo, which had an auto ancillary unit in Singur in India's West Bengal state, still has 18 acres of land in the area.
     
     
    Angad married media lawyer Michelle Bonn 10 years ago. He was also the executive producer of a hit movie titled "Lock, Stock and Two Smoking Barrels".

    MORE International ARTICLES

    This 17-Year-Old Is An Author, Has 2 Degrees, Flies Planes And Works With NASA

    This 17-Year-Old Is An Author, Has 2 Degrees, Flies Planes And Works With NASA
    Moshe Kai Cavalin has two university degrees, but he’s too young to vote. He flies airplanes, but he’s too young to drive a car alone.

    This 17-Year-Old Is An Author, Has 2 Degrees, Flies Planes And Works With NASA

    Four Held For Robberies In Indian Residents' Homes In US

    Four Held For Robberies In Indian Residents' Homes In US
    Four men were arrested in the US for committing burglaries in the houses of people of Indian and Asian origin, a media report said.

    Four Held For Robberies In Indian Residents' Homes In US

    US Jury Still Debating On Assault On Indian Grandfather

    US Jury Still Debating On Assault On Indian Grandfather
    A new US federal jury will continue its deliberations Tuesday in the case against an Alabama police officer charged with slamming an Indian grandfather to the ground while taking a walk last February.

    US Jury Still Debating On Assault On Indian Grandfather

    Memorial To Honour Sikh Soldiers Unveiled In Britain

    Memorial To Honour Sikh Soldiers Unveiled In Britain
    In a first, the Sikh community has unveiled in Staffordshire county in Britain a memorial statue to honour the Sikh soldiers who fought during the First World War, a media report said.

    Memorial To Honour Sikh Soldiers Unveiled In Britain

    Two Indians Among Finalists For 2015 Women of Influence Awards In New Zealand

    Two Indians Among Finalists For 2015 Women of Influence Awards In New Zealand
    Two Indian-origin entrepreneurs in New Zealand are among the finalists for the 2015 Women of Influence Awards in the community and not-for-profit category, a media report said on Monday.

    Two Indians Among Finalists For 2015 Women of Influence Awards In New Zealand

    Changes Coming To Manitoba Protection Orders After Woman Beaten To Death

    Changes Coming To Manitoba Protection Orders After Woman Beaten To Death
    Selena Keeper was denied a protection order against her former boyfriend five months before he was charged with killing her.

    Changes Coming To Manitoba Protection Orders After Woman Beaten To Death