Skip to content
Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Primary Menu Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us
  • Featured
  • Politics & Society

Coffee Tycoon V G Siddhartha’s Body Found: Police

Jul 31, 2019 | Pratirodh Bureau

Cafe Coffee Day founder V.G. Siddhartha

Authorities confirmed on Wednesday they have recovered the body of coffee baron V G Siddhartha, who was missing since Monday night, from the Nethravathi river near Mangaluru in Karnataka.

Siddhartha, the founder of the Cafe Coffee Day (CCD) chain, was not reachable since late Monday, his flagship entity Coffee Day Enterprises said in a regulatory filing.

“Based on preliminary reports, the police have identified the body as that of V G Siddhartha,” a police officer said.

His family has been notified, the officer added.

Siddhartha was travelling to Mangaluru, a port city about 350 kilometers from India’s tech hub of Bengaluru, when he had asked his driver to wait for him on a bridge while he went for a walk, a police official said. When Siddhartha did not return, the driver alerted the police.

Television channels had showed rescue workers in rubber boats scouring the Nethravathi river near the bridge where Siddhartha, who hails from a coffee-growing family, was last seen.

Siddhartha’s disappearance had spooked investors, which dragged Coffee Day Enterprises shares 20% lower on Tuesday.

Some media reports speculated that Siddhartha was under pressure over outstanding debts. A letter, purportedly written by Siddhartha, had blamed an unnamed private equity partner for pressuring him into a share buyback and tax authorities for “harassment” and decisions that hurt the company’s liquidity.

“I fought for a long time, but today I gave up,” Siddhartha purportedly wrote in the letter, which was available on social media and published by media.

Reuters was not able to confirm the authenticity of the letter.

“The investigation in the case of V G Siddhartha and Cafe Coffee Day (CCD) arose from the search in the case of a prominent political leader in Karnataka,” a statement from the Income Tax department said, without naming the politician.

“It is based on the unearthing of a credible evidence of financial transactions done by CCD in a concealed manner.”

Tags: cafe coffee day, cafe coffee day founder, suicide, v g siddhartha

Continue Reading

Previous Hong Kong Protesters Appear In Court To Face “Riot” Charge
Next Supreme Court To Probe Threat Accusations Against BJP Politician Accused Of Rape

More Stories

  • Featured

“Father’s Death Biggest Learning Experience”

10 hours ago Pratirodh Bureau
  • Featured

No Greater Feminist Than Draupadi And Sita: JNU VC

10 hours ago Pratirodh Bureau
  • Featured

Texas Shooting: Biden Says “We Have To Act”

17 hours ago Pratirodh Bureau

Recent Posts

  • “Father’s Death Biggest Learning Experience”
  • No Greater Feminist Than Draupadi And Sita: JNU VC
  • Texas Shooting: Biden Says “We Have To Act”
  • Twin Crises Of Heat & Floods Expose Neglect
  • Polarisation Affecting India’s Growth: Basu
  • Monkeypox: What Is It & How Can We Prevent Its Spread?
  • Af Women TV Presenters Vow To Fight Order To Cover Faces
  • CAA Protests Against Unjust Law, Not Against Sovereign: Umar Khalid
  • Assam: Opposition Decries Bulldozer ‘Revenge’
  • Ukraine: Russian Soldier Jailed For Life In First War Crimes Trial
  • Time To Tax The Rich: Oxfam At Davos
  • ‘Farmers Can Change Govt, If They Want’
  • War Through The Eyes Of Ukrainian Kids
  • ‘Ample Suspicion’ Yet Court Acquits Two Cops Of Tribal Girl’s Rape, Murder
  • Hindu College Prof Held For Post On ‘Shivling’ At Gyanvapi Mosque
  • North India Caught In Vicious Cycle Of Forest Fires, Heatwaves
  • ‘Pavlovian Response’: India Rejects Remarks By Bilawal Zardari At UN
  • Pegasus Row: SC Grants More Time To Panel To Submit Report
  • Climate Change: Extreme Heat Waves In India 100 Times More Likely
  • The Dark Side Of Social Media Influencing

Search

Main Links

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us

Related Stroy

  • Featured

“Father’s Death Biggest Learning Experience”

10 hours ago Pratirodh Bureau
  • Featured

No Greater Feminist Than Draupadi And Sita: JNU VC

10 hours ago Pratirodh Bureau
  • Featured

Texas Shooting: Biden Says “We Have To Act”

17 hours ago Pratirodh Bureau
  • Featured

Twin Crises Of Heat & Floods Expose Neglect

17 hours ago Pratirodh Bureau
  • Featured

Polarisation Affecting India’s Growth: Basu

1 day ago Pratirodh Bureau

Recent Posts

  • “Father’s Death Biggest Learning Experience”
  • No Greater Feminist Than Draupadi And Sita: JNU VC
  • Texas Shooting: Biden Says “We Have To Act”
  • Twin Crises Of Heat & Floods Expose Neglect
  • Polarisation Affecting India’s Growth: Basu
Copyright © All rights reserved. | CoverNews by AF themes.