Death of Indian industrialist in UAE a case of suicide, confirms police
Dubai: The death of a Dubai-based Indian industrialist, who died after falling from a high-rise building last week, was a case of suicide over financial problems, police confirmed after an investigation, according to a media report.
Joy Arakkal, who hailed from Kerala and was the managing director of Dubai-headquartered Innova Group of Companies which had diverse businesses, with major focus in the oil sector, committed suicide on April 23 by jumping from the 14th floor of a friend's building in Business Bay, Dubai police told Gulf News on Wednesday.
The businessman committed suicide over financial problems, Brigadier Abdullah Khadim Bin Sorour, director of Bur Dubai Police Station, said, ruling out any criminal suspicion behind the death.
Police said they are coordinating with the businessman's family for the repatriation of his body. Arakkal is survived by his wife and two children who live in Jumeirah.
Consul General of India in Dubai Vipul told Gulf News that Arakkal's family is set to fly home with his body after Indian authorities gives them special permission to travel in a chartered air ambulance.
They have received the NOCs (No Objection Certificates) from India. We have taken it up with the UAE MoFAIC (Ministry of Foreign Affairs and International Cooperation) for necessary permits from the UAE side, Vipul said.
Once the approval is received, a chartered air ambulance will fly in from Bangalore to carry the family and the mortal remains of Arakkal.
A few social workers and community leaders, who were coordinating with Arakkal's family for the repatriation procedures, attended the embalming service on Tuesday.
Arakkal's's funeral will be held in his hometown in Mananthavady in Wayanad district.
His companies include oil refineries, petrochemical trading, ISO tank cleaning services, shipping services and a telecom company working for infrastructure projects in the UAE.
He had received many awards including a lifetime achievement award from Kerala Chief Minister Pinarayi Vijayan during his visit to Dubai.
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CIAL to be hub for multimodal cargo network, says Kerala CM Vijayan
Kochi (Kerala) (PTI): Kerala Chief Minister Pinarayi Vijayan on Sunday announced that a multimodal cargo network integrating air, road, rail, and water routes will be established, with CIAL serving as its primary hub.
He was speaking while inaugurating the plenary session of the International Cargo Business Summit, organised by CIAL in association with FICCI, marking the 25th anniversary of Cochin International Airport Limited's cargo department.
The chief minister inaugurated the event by moving a gear lever on a cockpit model installed on the stage.
Vijayan stated that CIAL is striving to create a business environment favourable to Kerala's economic growth beyond just functioning as an airport.
He noted that CIAL handled over 65,000 metric tonne of cargo in the last financial year, and this is expected to rise to 74,000 tonne in the current fiscal year.
CIAL has provided a 50 per cent dividend to its investors and stands as a model for the entire country through its operations. Construction of three bridges benefiting four panchayats is also underway.
Furthermore, CIAL has begun the process of obtaining certification for handling pharmaceutical products, which will commence immediately upon approval.
In his presidential address, State Industries Minister P Rajeev mentioned that prominent global companies establishing logistics parks near CIAL would allow for greater utilisation of the airport's cargo potential.
He added that the presence of large-scale companies reflects the growth rate of cargo movement in the region.
The chief minister honoured institutions that demonstrated excellence in cargo exports during the ceremony.
CIAL Managing Director S Suhas delivered the welcome speech.
CIAL Cargo Department Head Satheesh Kumar R Pai delivered the vote of thanks.
