Digital Editor. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Jnanamma Thomas, Muthoot's grandmother refuted Kerala police's road rage angle, alleging a cover-up of a brutal murder of her grandson. A special court here on Tuesday sentenced nine persons to rigorous imprisonment for life after it found them guilty of the >murder of 32-year-old businessman Paul Muthoot … In February, Group Managing Director George Alexander Muthoot had talked about a 10 per cent equity dilution during the current financial year, which was to be followed by the sale of another 25 per cent stake in 2011-12. A CBI court in Thiruvananthapuram on Tuesday sentenced nine accused to life imprisonment and four others to three years in jail in the sensational case pertaining to the murder of young businessman High high-profile murder, that happened in 2009 created a lot of buzz across Kerala and was a wide talked topic. Their second son, Paul Muthoot George, was murdered in 2009. The driver is said to have found the two on the roadside, the vehicle missing. George P Easo, a family member said, "Politicians are changing their statements every other day. The average ticket size of the loans is Rs 15,000. Paul, who was based in Delhi, had recently returned to Kerala to take charge of the leisure and hospitality arm. It has interests in financial services, information technology, media, healthcare, education, power generation, infrastructure, plantations, precious metal, tourism, and hospitality.Muthoot Group operates in 29 states in India, and has presence in Nepal, Sri Lanka, US, UK and UAE. A week after Kerala business tycoon Paul Muthoot was found murdered, his family has refuted Kerala Police’s road rage claim saying that there’s something more creepy behind his death. Thiruvananthapuram: A week after Kerala business tycoon Paul Muthoot was found murdered, his family has refuted Kerala police`s road rage claim saying that there`s something more creepy behind his death. Last Updated at January 20, 2013 00:03 IST. Kochi: The Kerala High court has directed the state police to hand over investigation in the murder of Muthoot business group scion Paul Muthoot George to CBI. On Sunday, police arrested 12 persons, including notorious criminals, identified as Om Prakash and Rajesh. Thiruvananthapuram, Aug 29 (ANI): A week after Kerala business tycoon Paul Muthoot was found murdered, his family has refuted Kerala Police’s road rage claim saying that there’s something more creepy behind his death. Muthoot M George Foundation Hands Over First Disaster Resilient Home To A Flood Affected Family In Annamanada, Trichur on 27th December 2018 Read More The Muthoot Group Becomes One Of The First In The NBFC Sector To Launch An Al-Based CHATBOT - “MATTU & MITTU” Read More But only they told there was an accident," she said. Taal Thok Ke Special Edition: Will Jai Shri Ram slogan work in Bengal? With his 3 brothers, MG George Muthoot runs Muthoot Finance, India's leading lender against gold. The government had nothing to hide in the case and was open to "any sort of investigation", he added. In addition, four of Paul’s cousins are part of the fourth generation of Muthoot directors, who had been inducted into the group. Paul belonged to Muthoot family, which is into private banking, hospitality and other businesses. Muthoot's family alleges conspiracy behind murder Thiruvananthapuram , Sat, 29 Aug 2009 ANI Thiruvananthapuram, Aug 29 (ANI): A week after Kerala business tycoon Paul Muthoot was found murdered, his family has refuted Kerala Police's road rage claim saying that there's something more creepy behind his death. Paul was Chairman M G George Muthoot’s second son, while his two brothers, George Muthoot George and Alexander George Muthoot, are also associated with the group as executive director and as a director, respectively. We believe in free, fair and credible journalism. The company, with a turnover of around Rs 10 crore, is in the process of setting up several hotels and resorts and has zeroed in on Kochi, Chennai and Hyderabad for new projects. Their eldest son George M. George is the Executive Director of the Group and the youngest son Alexander George who is the Director of the Group. A week after Kerala business tycoon Paul Muthoot was found murdered, his family has refuted Kerala police`s road rage claim saying that there`s something more creepy behind his death. While the latest financial numbers were unavailable, the group reported a net profit of Rs 63.6 crore for the year ended March 2008. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. The High Court on Thursday acquitted all the accused except Kari Sathish. Let’s start to read as below. "They did not tell us there was an accident angle to it in the beginning. Paul Muthoot murder: 13 found guilty, 9 get life term BJP takes up Kannur violence at national level Samsung has just announced the #FullOn Galaxy F series, and the hype is crazy! A police team left for Tamil Nadu on Friday to investigate the murder of Paul Muthoot George, executive director of the Muthoot M. George Group, … With 1,200 branches, Muthoot Finance, a non-banking finance company, is the group’s flagship company. A friend with him was injured and is in hospital; both were stabbed.document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); The Muthoot Group is a major player in the financial services business in Kerala and has been slowly expanding its reach to other parts of the country. The police have detained 12 suspects in the Paul Muthoot George murder case and say they are close to a breakthrough. Thanks to its focus on extending loans against gold, 97.2 per cent of Muthoot Finance’s assets are secured loans. The police say Paul and his friend had driven in the Ford Endeavour and Paul’s driver, Shibu, was asked to follow in another vehicle. The murder of the business man, Paul M George of the Muthoot family is to become the story of an upcoming Malyalam film Rathri 12:30. The allegation that Beenish had connections with wanted gangsters was to create a `mystery` over the case.". Muthoot is married to Sara George Muthoot, who is the Director of St. George’s High School in New Delhi. Muthoot Leisure and Hospitality, one of the 18 group companies of the Rs 20,000-crore group, has two properties located at Thekkady in Idukki district (south Kerala) and Alappuzha and also runs 10 luxurious house boats in the backwaters of Kuttanad in Alappuzha district. They have three sons. The murder mystery was first investigated by the police and later transferred to the Crime Branch which arrested 14 people. A friend who was with him was injured and is in hospital; both were stabbed. The unlisted 122-year-old group, which has diversified into information technology, media, plantations and metals, is managed by a board comprising four family members – George Jacob Muthoot, George Thomas Muthoot, George Alexander Muthoot (Managing Director) and M G George Muthoot (Chairman). Police sources said two notorious criminals based out of Thiruvananthapuram, Rajesh and Omprakash, are suspected to have been involved. The dead man and his friend were found by the roadside on Friday night. A beach resort in Mararikulam and a resort in the backwaters were the other elements of the group’s plans in Kerala. The accused, who were members of a quotation gang, allegedly murdered Paul following an altercation over a road accident. Jnanamma Thomas, Muthoot`s grandmother refuted Kerala police`s road rage angle, alleging a cover-up of a brutal murder of her grandson. PAUL GEORGE MUTHOOT MURDER. Paul Muthoot was the son of MG George Muthoot, the chairperson of the Muthoot financial services company. A week after Kerala business tycoon Paul Muthoot was found murdered, his family has refuted Kerala police`s road rage claim saying that there`s something more creepy behind his death. LATEST REPORTS: High court directed CBI to take up Paul murder case,gave 6 months time to complete enquiry. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. Involvement of persons related to the narcotics trade was also not being ruled out. A … ... “Ours is a CPI (M) family. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Addressing a press conference here on Friday, Balakrishnan said, "My son (Beenish Kodiyeri) has no relation with the case whatsoever. Paul, 30, who was heading the Muthoot M George Group’s hospitality business, was killed on Friday night on the Alappuzha-Changanassery road. Grief visited the family when Paul Muthoot, the second of the chairman's three sons, was murdered on a remote highway late at night in August 2009. A scion of the Muthoot family in Kerala, Paul was murdered at Alappuzha on August 21, 2009. Paul was killed last Friday night on the Alappuzha-Changanassery road. He said that the team was constituted as the inter-district ramifications of the case and deeper links would have to be probed in detail. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. ... AIDS issue raised by police is a plot to make his family under preassure.bcos AIDS issue came in to light only when Muthoot family … The hospitality arm had acquired land in Kochi for a proposed Rs 200 crore five-star hote expected to be commissioned in 18 months. Paul was returning from an under-construction resort at Mararikulam when he was stabbed to death. Kindly visit the Manage my subscription page to discover the benefits of this programme. THIRUVANANTHAPURAM: Paul M George, son of prominent Kerala businessman and Muthoot Finance Group chairman M G George, was stabbed to … As its loans are emergency funding, Muthoot Finance has been able to pass on higher funding costs to its customers and has maintained credit gross non-performing assets at less that 0.5 per cent of gross loans. KPMG had been given the mandate for the sale of 10 per cent stake to private equity players, Muthoot had told a television channel. The police, today, took Omprakash, one of the accused goons in the Paul Muthoot George murder case, to the Muthoot cardamom county resort at Kumily for evidence collection. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. A week after Kerala business tycoon Paul Muthoot was found murdered, his family has refuted Kerala Police's road rage claim saying that there's something more creepy behind his death. The vehicle they were travelling in was missing. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". The police is yet to ascertain the motive behind the murder, though media reports had suggested business rivalry could be a reason. Paul, who was based in Delhi, had recently returned to Kerala to take charge of the leisure and hospitality arm. The Kerala High Court on Thursday cancelled the life term awarded to eight accused in the Paul Muthoot murder case, while the father of the victim said he would appeal against the decision in the Supreme Court. George Joseph  |  DNA: Watch Non Stop News With Sudhir Chaudhary, Dec 19, 2020. The evidence collection was under, the Paul murder case Investigating Officer, Superintendent of Police AV George. Copyrights © 2020 Business Standard Private Ltd. All rights reserved. Babu Antony will appear in … Arjun Raghunath, The Kerala High Court on Thursday acquitted eight accused sentenced to life term by a lower court in the murder of young businessman, Paul Muthoot George. wild blue health solutions. The vehicle, a Ford Endeavour, was found abandoned this morning at Kollam, 40 km away. Kochi: The involvement of gangsters in the cold-blooded murder of Paul Muthoot, scion of the prominent Muthoot family, on Alappuzha-Changanassery Road … Paul was Chairman M G George Muthoot’s second son, while his two brothers, George Muthoot George and Alexander George Muthoot, are also associated with the group as executive director and as a director, respectively. You can find out more by clicking A scion of the Muthoot family in Kerala, Paul was murdered at Alappuzha on August 21, 2009. Balakrishnan also announced that a special investigation team had been constituted under the leadership of Inspector General of Police Vinson M Paul to probe the murder of the Paul Muthoot George. Enjoy Reading! We, however, have a request. Paul Muthoot murder accused and notorious gangster Om Prakash to act in Malayalam movie - Pakaram. By continuing to use the site, you agree to the use of cookies. Paul's father, M. George Muthoot, said he will approach the Supreme Court against the High Court's verdict. Kochi  solving challenges; leveraging disruption; scaling human capital Paul is the chairman’s second son. Support quality journalism and subscribe to Business Standard. The Kerala High court Thursday directed the state police to hand over to CBI investigation in the murder of Muthoot business group scion Paul Muthoot George. The investigation would cover links of Muthoot George with goonda elements. We don`t know whom to believe.". Read more about Paul George Wiki, Age, Net Worth, Family, Bio, Girlfriend, Married, Wife, Age, Children Son Daughter, Parents Father Mother, Instagram. Taal Thok Ke: Is the slogan of Maa, Maati and Manush, heavy on Mamata? The Kerala police on Monday sought to reiterate their theory that businessman Muthoot Paul George was murdered in a road rage incident rather than as part of any deeper conspiracy. Paul belonged to the wealthy Muthoot business family which is into private banking and has numerous other business ventures. He essays the role of a journalist in the film © 1998-2020 Zee Media Corporation Ltd (An Essel Group Company), All rights reserved. Paul Muthoot belonged to the wealthy Muthoot business family which is into private banking and has numerous other business ventures. Jnanamma Thomas, Muthoot’s grandmother refuted Kerala police’s road rage angle, alleging a cover-up of a brutal murder of her grandson . LIVE TV हिन्दी मराठी বাংলা தமிழ் മലയാളം ગુજરાતી తెలుగు ಕನ್ನಡ Rejecting the charge that the Home department was trying to interfere in the investigation process, he said a deliberate attempt was being made by vested interests to hamper the probe. Your support through more subscriptions can help us practise the journalism to which we are committed. At the end of September 2008, the company’s loan book was close to Rs 20,000 crore. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. He was returning from an under-construction resort at Mararikulam when he was stabbed to death. A team led by the IGP, Ernakulam Range, Vinson Paul, is interrogating the suspects. home; services. Later, Paul's father sought a CBI probe. The Muthoot Group is an Indian multinational conglomerate headquartered in Kochi, Kerala. 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Many high-profile people including politicians were involved in his murder and still now, the puzzle is unsolved. Muthoot’s family alleges conspiracy behind murder August 29th, 2009 - 2:40 pm ICT by ANI Tweet Thiruvananthapuram, Aug 29 (ANI): A week after Kerala business tycoon Paul Muthoot was found murdered, his family has refuted Kerala Police’s road rage claim saying that there’s something more creepy behind his death. According to the police theory, a gang of nearly 22 men was behind the murder of Paul. Paul Muthoot George was a member of the prestigious Muthoot Business family. this link, Pakistan in New Zealand, 3 T20I Series, 2020/21. The NBFC’s net interest margin stayed around the 10 per cent level tillthen; data for subsequent months was unavailable. Earlier, Kerala Home Minister Kodiyeri Balakrishnan had dismissed opposition Congress’ charge that his son had links to the recent murder of Muthoot group scion Paul M George. 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