Paul George Muthoot, a prominent businessman of the Kerala-based Muthoot Finance group, was stabbed to death by a 12-member gang in the wee hours today at Pallathuruthi near Alappuzha, police said.

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Paul, son of M G George who heads the Muthoot group, was waylaid and killed by the gang while he was returning home from a resort in his car, police said.
Business rivalry is suspected to be reason behind the murder, they said, adding that the attackers fled with the car in which Paul was travelling.
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