Raj Tours MD passes away
In what is being suspected to be a case of suicide, the body of travel industry magnate Lalit Sheth was found washed ashore near Worli village in central Mumbai on Wednesday, police said.
Sheth, 56, the founder-chairman of Raj Travels & Tours Ltd., was one of the leading travel industry players in the country.
As per police report, the 56-year old Sheth asked his driver to stop the car on the bridge. Then he got down and told the driver to drive the vehicle ahead slowly as he wanted to take a walk on the bridge. As the driver drove the vehicle, Sheth allegedly jumped into the sea, the police added.
Police officials said that a suicide note was found in his vehicle and his body had been sent to Sion Hospital for an autopsy.
After launching Raj Travels & Tours Ltd in 1976, Sheth had in the mid-90s launched the now-defunct Raj Air, a private airline, which shut down after a few years following financial problems.
A veteran of the travel and tourism industry, Sheth founded the company in 1976 and pioneered the concept of ‘all inclusive’ tour packages in 1981. Raj Travel World currently has 79 offices and 1000 agents across India.
According to police sources, financial problems might have led him to take the extreme step.