Cafe Coffee Day owner VG Siddhartha today dead

Cafe Coffee Day owner VG Siddhartha today dead

Cafe Coffee Day owner VG Siddhartha today dead
Cafe Coffee Day owner VG Siddhartha today dead
Cafe Coffee Day owner VG Siddhartha today dead

Mangaluru, Agency. The body of former Karnataka Chief Minister SM Krishna (son of SM Krishna) and founder of Cafe Coffee Day, VG Siddartha (VG Siddartha) has been recovered. He was missing since last two days. His body was recovered in Hoige Bazaar in Mangaluru near Netravati River. A letter from his 27 July was revealed in which he told about his problems.
In this letter, he also mentioned the huge losses and debts the company was facing. Also, the matter of pressure from the former DG of Income Tax Department was also stated.

Cafe Coffee Day owner VG Siddhartha today dead

Mangaluru Police Commissioner Sandeep Patil said in his statement that we have recovered a body, which needs to be identified. We have informed family members of VG Siddartha for this. We shifted the body to the Wenlock Hospital. We are continuing the investigation of the case.

The last time the river was seen on the bridge of Netravati
Deputy Commissioner of South Kannada district Shashikant Senthil said on Tuesday that 60-year-old VG Siddhartha was seen on the bridge over the Netravati river in Kottapura area of ​​south Kannada district on Monday evening for the last time. On Monday afternoon, Siddhartha left from Bengaluru for a ride to Hassan district. On the way, he asked the driver to walk to Mangaluru. After reaching the bridge of Netravati river, the car stopped. After that the driver said, he is going for a walk. Wait. After two hours, even after Siddharth did not return, the driver contacted the police and lodged the report of the missing.

More than 200 policemen, the diver was looking
When Mangaluru Police Commissioner Sandeep Patil asked about the letter written by Siddhartha, he wrote this letter to the directors of the board. Siddharth's family has given it to him by himself, so there is no doubt about it. We are also exploring things written in the letter. For this, the police team has gone to Bangalore, where the family and the employees of the company will also be questioned. National Disaster Response Force, Coast Guard, Home Guard, fire brigade and police teams were involved in finding Siddhartha. More than 200 policemen, three groups of divers were looking for them with 25 boats. Help was also being taken from helicopter

IT company was sold
VG Siddharth, the founder and owner of 'Café Coffee Day' recently came to the news when he sold his IT company 'MindTree' to the engineering company Larsen & Toubro (L & T). But with this, the American soft drinker Coca-Cola was also talking about buying her company Cafe Coffee Day. Coca-Cola wanted to make this business more extensive by buying this coffee chain. According to the report, 60-year-old businessman Siddharth had borrowed more than Rs 3,000 crore in recent years.

Coca-Cola was going to sell café coffee dea
VG Siddartha was negotiating with Kola-Cola to evaluate the valuation of her company from Rs 8,000 crore to Rs 10,000 crore to take out her loan. In the middle of March, L & T had signed an agreement on the purchase of shares of his company from Chairman and Managing Director of Coffee Day Company. In addition, Siddharth's IT company MindTree also had a 20.32 percent stake. L & T had bought shares of several companies including Coffee Day Trading and Coffee Day Enterprises. A total of Rs 3,269 crore shares were sold in the purchase of 980 rupees per share.