Dilip Pendse (1956-2017): Member of Tata group's innermost circle in 1990s

Police said the 61-year-old committed suicide, cited personal issues as reason in a note left behind

Dilip Pendse, former managing director of Tata Finance, was on Wednesday found dead in his office in Dadar, Mumbai. He resided in the same building where his office was located. The police said the 61-year-old had committed suicide and had cited personal issues to be the reason in a note he left behind. 

Pendse was sacked from Tata Finance in mid-1990s by the Tata group on charges of manipulating some stocks in connivance with other Tata group entities and brokers.

For these alleged offences, in December 2012, 13 years after the original case was filed, the Securities and Exchange Board of India