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Fisherman finds lifless CCD owner VG Siddhartha on banks of Netravati River

Cafe Coffee Day founder, VG Siddhartha was found dead in the Netravati River. His body was recovered by fishermen from near the Hoige Bazaar in Mangaluru on Wednesday morning.

The coffee tycoon went missing on Monday evening and was last seen by his driver who dropped him on the bridge on Netravati at 6:30 pm. VG Siddhartha, who is also the son-in-law of former Karnataka CM SM Krishna, is suspected to have jumped off the bridge.

Rithesh, the fisherman who spotted the body of VG Siddhartha said, “I saw a body floating while I was fishing and informed the police. I participated in the rescue operations with the district administration yesterday as well.”




The mortal remains of VG Siddhartha will be kept for public viewing at ABC office in Chikmagalur from 2 pm to 4.30 pm. It would be later taken to Chetanhalli estate for last rites.

Former Karnataka CM SM Krishna has left his Bengaluru residence to attend the last rites of the CCD owner, who also happens to be his son in law.

The death has ignited a political fight among the opposition and the government. More so, after VG Siddhartha’s letter to the CCD board and employees alleged harassment by a previous DG of the Income Tax department.



The Karnataka Congress has blamed the Income Tax department for the death of VG Siddhartha and said that UPA-era companies are being forced to shut down.

Congress leader and P Chidambaram’s son Karti Chidambaram has said, “Forget about dealing with markets/ suppliers/ customers/ investors/ employees/ stake holders. Managing the systematic harassment by the State and it’s pliant agencies is the biggest challenge. IT, ED, CBI, ROC etc are the biggest impediments for ease of business.”


Source : Various


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