Coffee Day owner dead, body found from river

Missing Café Coffee Day founder VG Siddhartha's body has been found from the Netravati river, various reports in the media stated. The CCD owner was missing since Monday night and the police had launched a massive hunt to trace him.The police is yet to make an official confirmation.The CCD owner reportedly wrote a letter to the Café Coffee Day family stating the reasons that drove him to take the extreme step. In the letter, whose authenticity is under suspicion, the CCD promoter said that it was getting difficult for him to continue under the prevailing conditions and that the pressure had become too much on him. Karnataka: Body of VG Siddhartha, founder of Café Coffee Day and son-in-law of former CM SM Krishna, has been found… https://t.co/FbPpvWyenq— ANI (@ANI) 1564537773000 Mangaluru Police Commissioner Sandeep Patil: We found the body early morning today. It needs to be identified, we h… https://t.co/mYiqs9Ef97— ANI (@ANI) 1564538938000 He referred to a Private Equity player that had forced him to buy back shares for which he had borrowed money from a friend. He also alleged harassment at the hands of a former Income Tax official.The Income Tax department, in its response, expressed shock at the development and raised questions over the veracity of the letter saying that the signature of VG Siddhartha on the letter doesn't match with the signature on company's annual reports that are with the department.

from Economic Times https://ift.tt/2YfQyj8