The Delhi Police deny any foul play

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Delhi Police today denied any foul on MG George Muthoot’s death.

“MG George Muthoot, chairman of the Muthoot Group, fell yesterday from the 4th floor of a building in east Kailash, Delhi. He was taken to Fortis Escort Hospital and pronounced dead during treatment. His postmortem was performed today. It no foul play is suspected. ” said Delhi police ANI news agency.

Police received information about MG George Muthoot’s admission to hospital at 9:21 p.m. Friday after he fell from the fourth floor of the house and was later pronounced dead, a senior police officer said. “The investigation into the matter and statements were recorded. The CCTV cameras were also checked. He was taken to Fortis Escort Hospital, where he died while on treatment. His autopsy was carried out at AIIMS on Saturday. No foul play is suspected. Investigation The case is being closed, “said RP Meena, Deputy Police Commissioner (Southeast Delhi).

MG George Muthoot, who is largely responsible for making Muthoot Finance a pan-Indian and largest NBFC gold loan, passed away on Friday night. As chairman of the company, he was instrumental in taking Muthoot Finance to a new level and expanding its reach across the country and even overseas, particularly in the Middle East.

71-year-old Muthoot has long been based in the state capital, though his diversified group, which operates over 20 businesses from gold loans to stocks, real estate to infrastructure, hospitals to hospitality and education, is headquartered in Kochi with the largest commercial buildings in the state.

“The sudden and unexpected death of MG George Muthoot will mean irreparable loss to the company, employees, everyone involved, family and friends. All directors and employees of the company convey deep condolences, sympathy and condolences to his family, “Muthoot Finance said in a no-cause reason application filed on Saturday. It was responsible for maintaining the Muthoot Group’s presence beyond the period enlarge The southern region by expanding its presence in the north, east and west, turning the company into a pan-Indian organization, he said. He was instrumental in making the gold loan finance an organized business. The chairman died suffered a heart attack on Friday, but family sources said he fell and could not be saved.

His sudden and unexpected death will be irreparable loss to the company, employees, everyone involved, family and friends. Mathai George George Muthoot was born in Kozhencherry in what is now the Pathanamthitta District of Kerala in November 1949, the son of M George Muthoot, who started the financial business, and the grandson of Muthoot Ninan Mathai, the group founder. After graduating from the Manipal Institute of Technology with a degree in mechanical engineering, Muthoot joined the family business as an office assistant and became managing director and group chairman in February 1993 in 1979. In the early 1980s the large family broke up and the family empire was split between the cousin brothers and this resulted in the creation of the Muthoot Pappachen Group, another diversified group in the state that runs rival gold lending company Muthoot Fincorp. The Muthoot Group’s flagship, Muthoot Finance, had a credit book close to £56,000 crore in the December 2020 quarter. The group has grown in many ways under him – when he took over it only had 31 branches, but today it has over 5,550 branches across the country and outside the group.

Muthoot leaves wife Sara George and two sons. While the eldest son, George M George, is the group’s executive director, the youngest son, Alexander George, is the group’s director, and the second son, Paul Muthoot George, was murdered in 2009. He was also a lay trustee of the powerful Orthodox Church in the state and was also a member of the Ficci National Executive Committee and presided over the Ficci Kerala Council. Forbes Asia listed him as the 44th richest Indian in 2020 with nearly $ 5 billion in net worth and the richest Keralite.

  • With contributions from agencies

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