TATA Motors ex MD committed suicide : Here are few details
Dilip Pendse, former managing director of TATA Motors allegedly committed suicide at his Mumbai office on Wednesday. Suspects say that Pendse committed suicide between 9:30am-2:30pm. He was found hanging from the ceiling fan in his office on the ground floor in Dadar, Mumbai. Pendse’s body was sent to Sion Hospital for post-mortem. “The deceased left behind a note in which he wrote, “no one should be held responsible for his death,” said BM Kakkad, senior inspector of the case.
Disturbed Personal Life
He used to with his wife in Mumbai and his children lives in abroad. According to reports, Pendse committed suicide due to his family problems which are still under wraps.
Previous records of Pendse with Tata motors was excellent but after some time, his unauthorized dealings, which led to substantial losses for Tata Finance, came into light in 2001, the Tatas sacked him and
filed a police complaint against six top executives, including Pendse.
In December 2012, market regulator Securities and Exchange Board of India (Sebi) had barred Pendse for two years from the securities market on charges of involvement in fraudulent and unfair trade practices in four firms including TELCO (now Tata Motors) and Infosys Ltd more than ten years ago.
Earlier, Tata Motors chief executive Karl Slym and an ex-spokesperson of Tata Steel Charu Deshpande had committed suicide in 2014 and 2013, respectively.
Such frequent suicides leave a very wrong impression on Tata motors group. This isn’t first time that any employee or ex-employee of a company has committed suicide, but the question arises, “Was it someone else’s fault!? Or We are not able to tackle problems of our life.
Well, the police is investigating from all angles. Soon few more details would be disclosed
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