According to the police, George was murdered by the gang on 'sudden provocation' following a scuffle after his car hit and injured a motorcyclist on the Alappuzha-Changanassery road.
The murder of Paul Muthoot George, scion of the Rs 20,000 crore Muthoot group of companies and son of its managing director Mutthot M George, has sent shock waves across Kerala.Paul Muthoot George, 32, was killed in the wee hours of Saturday on the Alappuzha-Changanachery route, while he was traveling in a car along with some acquintances.
The Kerala high court reserved its judgment on Thursday on a petition seeking a Central Bureau of Investigation probe into the murder of Muthoot business group scion Paul Muthoot George in August 2009.
The Kerala high court on Thursday directed the state police to hand over to the probe into the murder of Muthoot business group scion Paul Muthoot George to the Central Bureau of Investigation. A division bench comprising Chief Justice S R Bannurmath and Justice Thothathil B Radhakrishnan also directed the CBI to complete the investigations within six months. The court's direction came due to a petition filed by Muthoot business group Chairman M G George.
Mathai George George Muthoot joined the family business as an office assistant and in 1979 he became the managing director and group chairman in February 1993.
The Kerala High Court on Tuesday declined bail to the six accused in the murder of Muthoot finance group executive director Paul Muthoot George.
Muthoot Finance Recently received in-principle approval from RBI to set up White Label ATMs. The company has already chalked out setting up 1,000 such ATMs in the first year and another 8,000 in the next two years.
The murder of Paul Muthoot George, son of Muthot M George, managing director of the Rs 20,000 crore (Rs 200 billion) Muthoot group of companies, has shocked Kerala.
Kerala Home Minister Kodiyeri Balakrishnan on Friday dismissed Opposition Congress' charge that his son had links with those wanted in connection with the recent murder of Muthoot group scion Paul M George, asserting that the government had nothing to hide in the case."My son (Beenish Kodiyeri) has no relation with the case whatsoever," he said.The government had nothing to hide in the case and was open to 'any sort of investigation', he added.
Petitioner, Borris Paul of Kollam, Secretary of Young Lawyers Association, had submitted that the investigation be handed over to CBI as the present probe was not going in the right direction. He had also sought a free, fair and impartial investigation in the case relating to the murder of George.
A police team under a Deputy Superintendent of Police has been set up to track down two absconding gangsters who had accompanied the victim.
Kerala's Director General Of Jacob Punnose has said that he is not sure whether the two accused Om Prakash and Puthenpalam Rajesh were directly involved in the murder of Paul George Muthoot, scion of the Muthhot group.
The Kerala High Court on Tuesday refused to accept a plea for a Central Bureau of Investigation probe into the murder of the scion of Kerala-based Muthoot group Paul George even as two persons wanted in connection with the case surrendered before a court.
The Kerala police on Tuesday claim they have arrested Kari Satheeshan, the prime accused in the Paul Muthoot murder case. Paul was the son of Muthoot M George, managing director of the Rs 20,000 crore Muthoot group of companies. Though the police claim Satheeshan has confessed to his crime, political parties have accused the police of trying to cover up the facts.
Gold loans can be released online or by bank transfers.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Additional levy to eat into Rs 6,000-crore income of top promoters
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
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