The son of a billionaire steel magnate died in a fall from his penthouse home yesterday as his company teeters on the brink of collapse.
According to daily mail, Angad Paul, 45, suffered catastrophic injuries after plummeting from the eight-storey property in Central London.
Tragedy comes as administrators battle to save the business founded by his father Lord Paul, 84- one of the country's richest men. The company, caparo plc, has been torpedoed by the collapse in steel prices and was forced into administration weeks ago with the loss of 450 jobs across the UK and another 1,200 in the balance.
Emergency services raised to a building besides his home at Portland place, Marylebone, yesterday morning after the father of two, Mr.Paul was found lying on the roof.
A metropolitan police spokesman said there were no suspicious circumstances and officers are preparing a file for the coroner.
The caparo group is one of Britain's leading companies and includes interests from car component manufacture to hotels and hospitality. But the international conglomerate has suffered as administration of British steel nosedived following the recession and 16 of 20 businesses under its wings have now been taken into administration.
Source: Daily Mail UK
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