British billionaire and film producer Angad Paul commits suicide

YEREVAN, NOVEMBER 10, ARMENPRESS. Angad Paul fell from his family's eight storey property two weeks after Caparo Group was forced into administration. “Armenpress” reports the aforesaid referring to The Telegraph.

Angad Paul, 45, suffered catastrophic injuries after plummeting from the eight storey property in central London, two weeks after his family's leading steel company was forced into administration.

The businessman was CEO of the Caparo Industries subsidiary of Caparo Group, having taken the reins from his father in 1996.

But the strain being placed on Britain's steel industry had dealt the company a hammer blow in recent months.

The business, which has about 20 sites in the Midlands as well as operations sites in India and the US, filed for administration two weeks ago, with the loss of 450 jobs and doubts over a further 1,200. as pressure on the steel industry intensifies.

Emergency services were called to a building beside his home in Portland Place, Marylebone, on Sunday morning after Mr Paul was seen lying on the roof.

A Metropolitan Police spokesman said there were no suspicious circumstances.