- POSTED: 27 Jan 2014 20:12
- UPDATED: 27 Jan 2014 21:07
A top executive of India's Tata Motors who plunged from the 22nd floor of an upscale Bangkok hotel left an apparent suicide note, Thai police said on Monday.
BANGKOK: A top executive of India's Tata Motors who plunged from the 22nd floor of an upscale Bangkok hotel left an apparent suicide note, Thai police said on Monday.
Tata Motors managing director Karl Slym, 51, died early Sunday at the Shangri-La Hotel in Bangkok where he was attending a board meeting, the company has confirmed.
"Initially, we can only assume that he committed suicide," Police Lieutenant Somyot Boonnakaew told AFP.
"The window was small and he had to try hard to get through it."
The apparent suicide letter found at the scene has been sent for analysis to confirm it was written by Slym, he said.
Tata Motors shares fell 6.13 per cent on Monday on news of Slym's death, closing at 347.80 rupees on the Bombay Stock Exchange.
An analyst in Mumbai said the death of the Stanford University graduate could raise fears over the timeline for new projects.
"In addition, the market is down today in general," said the analyst who did not wish to be named.
Thai police believe Slym's wife was in the room at the time of his death but said she was too shocked to answer questions on Monday.
"She still cannot accept what has happened," said Somyot, adding the executive's body was with forensic scientists.
Slym's body was found by staff on a fourth floor balcony at the five-star $200-a-night hotel, which said the "circumstances of the accident are under review by authorities".
On Sunday, the carmaker said Slym had died in a fall, while Indian press reports said Slym may have lost his balance and plunged to his death.
The Briton had been Tata's managing director since joining the country's leading carmaking group in 2012.
In November, Tata Motors -- part of the giant steel-to-software Tata Group -- said its quarterly net profit surged by 71 per cent on the back of booming sales of its British luxury marque Jaguar Land Rover.
Slym had led Tata's operations in India and international markets, excluding the Jaguar and Land Rover businesses.
He had previously been executive vice president of SGMW Motors, China, a General Motors joint venture, and president of General Motors in India.
In a statement late Sunday, Tata chairman Cyrus P Mistry paid tribute to a "valued colleague".