Former Tata Finance Managing Director Allegedly Commits Suicide

Agencies
July 6, 2017

Mumbai, Jul 6: Tata Finance's dismissed managing director Dilip Pandse allegedly committed suicide at his office here today, police said.suicide

The body of Pendse (61), who was fired by the Tatas in 2001 after his name cropped up in some illegal transactions, was found hanging from a ceiling fan at his private office on the first floor of Royal Grace Building in Dadar East this afternoon.

The body was sent for autopsy at Sion Hospital, said DCP Rashmi Karandikar, Mumbai police spokesperson.

The Matunga police have registered an 'accidental death report' and a probe is on, she said.

Earlier, Tata Motors chief executive Karl Slym and an ex-spokesperson of Tata Steel Charu Deshpande had committed suicide in 2014 and 2013, respectively.

While Slym, a US citizen, was the MD and CEO of Tata Motors at the time of his death, Deshpande was no longer associated with Tata Steel when he ended his life.

Slym jumped out of a posh Bangkok hotel window in January 2014. Thai investigators blamed the suicide on domestic issues, saying he had had a fight with his wife.

The 58-year-old Deshpande, a former journalist who had worked with The Daily, Indian Express, Economic Times and Business & Political Observer before moving to corporate communications at ICICI Bank and Tata Steel, was found hanging from the ceiling fan of his Vasai home on June 28, 2013.

He had worked with Tata Steel till April 2013. The case related to his suicide is being probed by the CBI.

In February 2003, Pendse, who was with Tata Finance for long, was arrested by the Delhi Police for alleged involvement in misappropriation of Rs. 2 crore.

A complaint had been filed on behalf of Inshaallah Investment, a Tata Finance subsidiary, alleging that Pendse issued cheques for Rs. 2 crore to brokers for payment of personal transactions of a former company director.

In October 2014, the markets watchdog Sebi had found Pendse guilty of illegal trades and banned him from accessing capital markets for two years.

Pendse was dismissed from Tata Finance in 2001 after the company arm ran huge losses and the group filed criminal charges against him.

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News Network
April 5,2020

Nagpur, Apr 5: A 23-year-old man allegedly committed suicide in Imambada area in Nagpur on Saturday due to financial distress, police said.

Nikhil Gavhane, who worked in a grocery shop, hanged himself as he had taken money from a person and was stressed over repayment, an official said.

"He was depressed since a week," the Imambada police station official said.

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News Network
July 12,2020

Tamil Nadu, Jul 12: An alleged attempt by a 19-year-old man to "open a branch of the State Bank of India" at Panruti near Tamil Nadu was scuttled and he was arrested for forgery, police said on Saturday.

The man, son of retired SBI employees, had readied fake seals and challans of the public sector lender, and had other paraphernalia like a cash counting machine needed "to run a bank branch," on an upper floor of his residence at Panruti, about 25 km from Tamil Nadu.

He had not, however, put up any signboard. The SBI Panruti branch manager lodged a complaint with police seeking action following a tip-off by a customer that the man was "opening an SBI branch and has challans as well."

A printer who printed the challans and another who had made fake seals were held for similar offences and abetment.

They were produced before a magistrate court and enlarged on bail.

Asked if the man had cheated people by soliciting deposits or facilitating loans, Panruti police inspector K Ambethkar said, "no..we have not received any such complaint so far."

The man's late father had worked for SBI and his mother had retired from the same bank some time back, he said.

To a question, the police inspector said the man's mother, who has mobility issues, and another woman a relative living in the same house had no clue about his "idea."

Investigations revealed that he aspired to work for a bank and since he had closely watched banking operations for long he was "very knowledgeable" about it.

On the suspected motive, he said several of his replies were incomprehensible, childish, and strange notwithstanding his excellent understanding of the banking processes.

"He even calmly told us that he awaited approval from Mumbai to open the (SBI) branch and that he was about to put up a signboard," the inspector said, adding that the man had tried unsuccessfully to get employment on compassionate grounds in the SBI following the death of his father in harness.

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Agencies
April 14,2020

New Delhi, Apr 14: A 35-year-old man has been booked by the police for refusing to eat food at a quarantine centre on the ground that it had been cooked by a Dalit.

Reports said Siraj Ahmad, a native of Bhujouli Khurd village under Khadda police station in Kushinagar district, had returned from Delhi on March 29, and was staying at the quarantine centre at the village primary school along with other four people.

On Friday, village head, Lilawati Devi, in absence of the cook, prepared food in the quarantine centre for all the five people but Siraj refused to eat it.

Police, after conducting investigation, registered a FIR against him under the SC/ST Act on Monday.

The village head had lodged a written complaint with the police on Friday and also informed sub-divisional magistrate Desh Deepak Singh and block development officer Ramakant.

SHO Khadda police station, R.K. Yadav said that a case against Siraj was registered under the SC/ST Act.

Meanwhile, on Saturday evening, Vijay Dubey, the local BJP MLA, went to the house of village head and asked her to serve him food cooked by her.

"Untouchability is a social evil that cannot be tolerated at any cost," he said.

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