Don’t miss the latest developments in business and finance.

Murder in the steel city

Image
Pradeep Guptu Kolkata
Last Updated : Feb 05 2013 | 2:36 AM IST
Ashish Dey, the chairman of Shree Leathers, possibly the largest private leather goods company in India, was murdered earlier this morning at Jamshedpur by unknown miscreants.
 
Dey, a resident of Jamshedpur, and his family were receiving extortion threats from groups in Jharkhand and other states.
 
The family was divided between Jamshedpur and Kolkata, where his other brothers resided.
 
Dey was shot in the Sakchi area of Jamshedpur near his residence as he rode a motorbike on his way to a meeting a little before 9 am.
 
The incidence of extortion and blackmail in Jharkhand in general and Jamshedpur in particular has been rising because several gangs have shifted from Bihar following improvement of the law and order situation there, said R N Gupta, president of the Singhbhum Chamber of Commerce.
 
In the last six months, several promoters in Jamshedpur had been kidnapped and at least two of them were known to have paid money for their release, he added.
 
Reiterating that the ganglords were based in Bihar, Gupta said while the local police force was co-operative, the gangs clearly enjoyed the protection and support of leading state politicians and therefore were promptly released after arrest by the local force.
 
Gupta said crimes like "lock-breaking, dacoity, theft and kidnapping for ransom were rising, with crimes being committed both in the urban centres or on roads connecting towns to factory areas".
 
Naveen Singh, the superintendent of police of Purbi Singhbhum district, said that in this case, the killers could have come from the North-East over a property dispute arising out of a recent transaction in Nagaland.
 
Sree Leathers, based in Kolkata, was established by a freedom fighter who believed in 'swadeshi' or self-reliant industry, in Jamshedpur in the 1930's.
 
It had over 200 stores in India, mostly in eastern India, and three stores overseas in areas with large Indian populations like London and New York.The company did not divulge turnover figures because it was privately held but market sources pegged it at Rs 400 crore.

 
 

Also Read

First Published: Nov 03 2007 | 12:00 AM IST

Next Story