CCD founder VG Siddhartha was found dead

CCD founder VG Siddhartha found dead | The Enterprise world

The Founder of India’s largest coffee shop chain, Café Coffee Day, VG Siddhartha was found dead two days after he went missing. Three fishermen from the Hoige Bazaar, which is not so far away from the river, the mouth of Nethravati River, found the body floating in the waters some 500 mts away from the shore. The body was found floating there at around 6 AM  and was then brought to the shore.

Sandeep Patil, the Commissioner of Police (Mangalore) reached the site and told the police personnel to take the body to the Wenlock Hospital for post-mortem.

“The body was found in Hoige Bazaar at 6 am. We have also informed the matter to his family. The body has been sent to Wenlock Hospital for taking up formalities. We will continue the investigation,” he informed the reporters.

VG Siddhartha – Suicide

VG Siddhartha, who was a renowned businessman and the son-in-law of former Chief Minister of Karnataka, SM Krishna, was last seen walking on the bridge by his driver Basavaraj Patil on Monday. An extensive search operation was carried out on Tuesday morning after he was missing. The latest equipment was being used to trace the missing businessman.

VG Siddhartha reportedly wrote a letter to the staff of Café Coffee Day, in which he explained what made him take this extreme step. In the letter, he stated that it was getting difficult for him to survive under the pressure and that he could not take it any longer. In the letter, he also referred to a Private Equity player, who forced him to buy back the shares for which he had borrowed some money from a friend. The letter also addressed harassment at the hands of a former Income Tax Department Official.

VG Siddhartha’s body was cremated on Wednesday at his estate, in his home district of Chikmanglur, after hundreds of people came in to bid him a tearful adieu.

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