The body of Cafe Coffee Day owner VG Siddhartha, who was reported missing from Mangaluru on late Monday evening, was found at around 6.30 am on Wednesday morning. It was recovered by a group of fishermen from Netravati River near the Hoige Bazaar.
"A body has been found and it appears to be of Cafe Coffee Day owner VG Siddhartha," said Deputy Commissioner of Dakshina Kannada Sasikanth Senthil.
Police have informed Siddhartha's family members and sent the body for post-mortem.
Coffee King no more: CCD changes its Twitter icon from red to black
CCD appoints SV Ranganath as interim chairman of board
A board meeting was called by the CCD on Wednesday, July 31, in which SV Ranganath was appointed as the interim chairman of the board. The board also appointed Cyril Amarchand Mangaldas as its legal counsel.
Former Karnataka CM SM Krishna leaves to attend Siddhartha's funeral
Former Karnataka chief minister SM Krishna, the father-in-law of VG Siddhartha, has left his residence in Bengaluru to attend the last rites of the CCD founder.
Business failure shouldn't destroy self-esteem: Anand Mahindra's tells entrepreneurs
Anand Mahindra, one of the biggest names of India Inc., has expressed shock over Cafe Coffee Day founder VG Siddhartha's death.
"I did not know him & have no knowledge of his financial circumstances. I only know that entrepreneurs must not allow business failure to destroy their self-esteem. That will bring about the death of entrepreneurship," tweeted Anand Mahindra.
Coffee King's last rites to be held in Chikkamagaluru
Cafe Coffee Day founder VG Siddhartha's last rights will be held in Chikkamagaluru in the state of Karnataka. The CCD owner's mortal remains will be kept for the public to pay their final respects between 2 pm to 4.30 pm on Wednesday. Newly-elected Karnataka CM BS Yediyurappa will arrive in Chikkamagaluru by 1.30pm. Several leaders will attend the funeral.
CCD share slips 20%
The shares of Cafe Coffee Day enterprises plunged 20 percent for the second straight day after its founder VG Siddhartha's body was recovered from Netravathi river today morning. He went missing on Monday evening.
The fisherman who spotted Siddhartha's body
Rithesh, the fisherman who spotted the body of VG Siddhartha, said that he saw a body floating while he was fishing and then he had informed the police. "I participated in the rescue operations with the district administration yesterday as well," the fisherman said.
Manish Tewari blames 'unnamed' Income Tax DG for Siddhartha's death
Taking to Twitter, Congress leader Manish Tewari said, "My profound Condolences to #VGSiddhartha 's entire family. Very Very tragic what happened. Allegedly Harassed & hounded to commit Suicide by among others a yet unnamed DG of the Income Tax going by the document in the public space. May his soul rest in peace."
IT, ED, CBI are biggest impediments for ease of business: Karti Chidambaram
Karti Chidambaram, Congress leader P Chidambaram's son, 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."
Karnataka Congress blames I-T dept for VG Siddhartha's death
#VGSiddhartha case is very unfortunate.— Karnataka Congress (@INCKarnataka) July 31, 2019
Result of harassment by IT officials & decline of India’s entrepreneurial position turning virulent by the day, with Tax Terror & collapse of economy
Companies which flourished under UPA have been shut down with many people being jobless pic.twitter.com/rbwUymoM3B
Siddhartha was upset about Income Tax torture: Rajegowda
Sringeri MLA TD Rajegowda said that Siddhartha was a little upset regarding the Income Tax torture. He wanted to sell 2-3 properties to settle all the debts because he was having more assets than liabilities.
CCD outlets across India to remain shut today
To mourn the loss of founder VG Siddhartha, all outlets of Cafe Coffee Day (CCD) across India will remain closed on Wednesday, July 31. The recent development comes after the dead body of Siddhartha was recovered from Netravathi river in Mangaluru today morning at around 6:30 am.
Former Karnataka CM Siddaramaiah expresses condolences
Taking to Twitter, Karnataka CM Siddaramaiah said, "Very sad to know about the unfortunate death of Shri. V G Siddhartha. His contribution to Karnataka & India through his entrepreneurship shall be an example & always be remembered. My deepest condolences to Shri. S M Krishna and family members & well-wishers of Siddhartha."
Very sad to know about the unfortunate death of Shri. V G Siddhartha. His contribution to Karnataka & India through his entrepreneurship shall be an example & always be remembered.— Siddaramaiah (@siddaramaiah) July 31, 2019
My deepest condolences to Shri. S M Krishna and family members & well-wishers of Siddhartha.
WATCH | Is debt behind CCD owner VG Siddhartha's death?
Tragic end to the coffee king: Shobha Karandlaje expresses grief
Karnataka BJP leader Shobha Karandlaje expresses grief at the tragic death of Cafe Coffee Day founder VG Siddhartha.
After 36 hours, CCD owner VG Siddhartha's body found in Netravati River
The body of VG Siddhartha washed ashore near Ullal and was fished out by local fishermen from the Netravati River on Wednesday morning at around 6:30 am. His family has already been intimated about the recovery of the body. Siddhartha's body is being shifted to a hospital for postmortem. After the autopsy, his body will be handed over to the family.
The postmortem procedure is going to take a couple of hours for the doctors at the Wenlock Hospital to complete.
Condolences pour in on Twitter
Govt, banks can drive anyone to despair: Vijay Mallya on VG Siddhartha's letter
Taking to Twitter, fugitive liquor baron Vijay Mallya drew parallels with the case of 'Coffee King' VG Siddhartha, saying that he is being harassed in the same manner as the Cafe Coffee Day founder.
I am indirectly related to VG Siddhartha. Excellent human and brilliant entrepreneur. I am devastated with the contents of his letter. The Govt Agencies and Banks can drive anyone to despair. See what they are doing to me despite offer of full repayment. Vicious and unrelenting.— Vijay Mallya (@TheVijayMallya) July 30, 2019