Do not invest more money than you can afford to lose.
CAPARO boss Angad Paul has died after plunging from his penthouse flat, just weeks after administrators were called in to try and salvage the troubled steel company.
The 45-year-old man was pronounced dead at the scene in central London.
Hit hard in recent months, 16 of the 20 businesses now under its wing have been taken into administration.
Caparo went into administration last month and is seen as potentially the next victim of the global steel crisis with the loss of 450 jobs across the United Kingdom and another 1,200 in the balance.
Friends of Mr. Paul reacted to his apparent suicide with sadness.
Indian entrepreneur, author and socialite Suhel Seth tweeted: “Deeply saddened”.
Mr. Paul, who married lawyer Michelle Bonn, 40, in 2005, lived at the family home in Marylebone with his parents, Lord and Lady Paul, and his 57-year-old twin brothers Ambar and Akash.
He moved to Britain in 1966 and founded Caparo Group with a £5,000 bank loan.
The father-of-two was the youngest son of Lord Paul, 84, billionaire steel magnate and one of the UK’s wealthiest men.
“London Ambulance Service and London’s Air Ambulance both attended and the man, believed to be in his mid-40s, was pronounced dead at the scene”.
Mr. Paul, who had a degree in economics from the Massachusetts Institute of Technology, was involved in a number of business ventures.
The Caparo Group is one of Britain’s leading companies and includes interests from auto component manufactures to hotels and hospitality.
He spearheaded an attempt to create the world’s fastest road-legal supercar, the £800 000 Caparo T1 and was an executive producer on a string of films including Guy Ritchie’s gangster hit Lock, Stock and Two Smoking Barrels.
Police have not officially identified the body as Mr. Paul but have informed his next of kin.
The London police said that it was inquiring into the circumstances of the incident, but Angad’s death was being treated as non-suspicious at this stage.
