According to a TOI report, Former Tata Finance Managing Director Dilip Pendse has allegedly committed suicide. The time of his suicide is being pegged between 9.30 AM and 2.30 PM on Wednesday. In his suicide letter, Pendse had quoted "personal reasons" as the motive behind taking such a drastic step.
According to the police report, the incident took place at Pendse's office on the ground floor of a building named 'Royal Breeze' in Mumbai.
Dilip Pendse had been embroiled in several controversies for the last few years. He was barred by SEBI along with three other entities from the capital market due to manipulation during the time of Tata Finance's rights issue in 2001.
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