Managing director of Tata Motors, Karl Slym, who died here on Sunday under mysterious circumstances, may have committed suicide, Thai police indicated today.
51-year-old Slym’s body was found by the staff of a five-star hotel on the balcony of the fourth floor after plunging from the 22nd floor. He was here to attend a meeting of the board of directors of the Thai subsidiary of his company.
Police have found an apparent suicide note at the scene which has been sent for analysis to confirm that it was written by Slym. “Initially, we can only assume that he committed suicide,” a police officer said.
Police ruled out murder as the cause of the death of Slym, who allegedly fell out of a window of his room at the riverside Shangri-la Hotel. Officials told the media that the window was small and “he had to try hard to get through it”.
The hand-written note was reportedly found in the room which Slym and his wife of 30 years had checked into on January 24. They were to check out on Sunday.
The note is also being translated into Thai as part of the investigation, officials said. Police Lieutenant Somyot Boonyakeow said there were no signs of a struggle in the British national’s room, which did not have a balcony but had a big sealed glass window and another smaller window that could be opened.
Slym’s body was identified by a Tata Motors official, said sources. Slym was leading Tata Motors at a time when the auto industry was grappling with prolonged slowdown.
He joined the auto major in 2012 as part of a major management overhaul and was responsible for charting the company’s strategy to regain momentum in the Indian market.
Firm’s shares dip over 6%
Mumbai: Tata Motors shares fell 6 per cent on Monday following death of its MD Karl Slym as well as an overall weak sentiment in market. The scrip fell 6.13 per cent to close at Rs 347.80. ENS