A steel magnate jumped from his penthouse home after blaming himself for the “catastrophic” collapse of his company, an inquest heard today
Angad Paul was pronounced dead after being discovered outside the property at Portland Place on November 8.
The 45-year-old businessman’s steel company Caparo had been enduring large-scale job cuts as administrators tried to salvage the firm amid the collapse in steel prices.
Mr Paul was the son of Lord Paul, who founded the business in 1968 and helped turn it into a multi-billion pound enterprise. The peer was at today’s inquest.
His wife Michelle, a lawyer, told Westminster Coroners’ Court: “He had been the most balanced, calm clever person. But everything became catastrophic. He was paranoid. He closed the blinds and turned off his phone.”
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