India, Dec. 4 -- Mumbai In a tragic incident, 58-year-old Shahrukh Engineer, the son of businessman Cyrus Engineer, died by suicide on Friday afternoon in Colaba. Shahrukh is believed to have jumped from the 10th floor balcony of Taj Welington Mews on Saturday afternoon at around 2.30pm.

Preliminary police probe has revealed that Shahrukh suffered losses in his business in the United Arab Emirates (UAE) and was depressed over it. The police said that his family members have not complained of any foul play.

According to the Colaba police, Shahrukh had established a firm in Dubai, Carbonic International, which was into the business of supplying food grade Dry Ice and allied products and services in entire UAE, where his wife and two sons ...