The MD of Muthoot Finance George Alexander Muthoot was attacked in Kerala after stones were pelted on his vehicle by miscreants. According to reports, he has been admitted in a private hospital after suffering head injuries. A section of the employees have been agitating against the management over the dismissal of 160 staff from the company's 43 branches across the state in December. The protest is being held under the aegis of the Centre of Indian Trade Unions (CITU).
The Muthoot management alleged that CITU goons were behind the attack that happened in the morning in front of the IG office. However, the CTU rejected the allegations saying the trade Union outfit has no role in the attacks. " We do not believe in such type of violent mode of agitation, CITU leader told the media. An official of the Confederation of Indian Industries Kerala chapter condemned the incident and termed it as a 'matter of great concern" Founder and Chairman of V-Guard Industries, Kochouseph Chittilappilly have also condemned the attacks. The Kerala-headquartered Muthoot Finance is the largest gold financing company in India.