Paul`s son falls to death in Britain |
Angad Paul, son of Swraj Paul — an India-born Britain-based business magnate and philanthropist — died after falling from his eight-story penthouse home .Angad fell eight stories on Nov. 8, landing on the roof of another building below. Paramedics pronounced the 45-year-old dead at the scene in central London. Police 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. Caparoreported an annual operating loss of 700,000 pounds for 2014 as compared with the previous year`s profit of 3.1 million pounds. 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.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.”
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