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Police Team Set up to Probe CCD Founder VG Siddhartha’s Death 

Cafe Coffee Day has appointed SV Ranganath as its interim CEO after the death of founder-chairman VG Siddhartha.

Updated
India
8 min read
File image of VG Siddhartha.
i

A police team has been constituted to probe the death of Cafe Coffee Day founder V G Siddhartha, Mangaluru police commissioner Sandeep Patil said on Thursday, 1 August.

Cafe Coffee Day (CCD) Founder VG Siddhartha was cremated at his coffee estate in Karnataka’s Chikkamagaluru on Wednesday, 31 July, as thousands thronged to pay their last respects.

The coffee tycoon’s body was recovered from the Netravati river early on Wednesday.

Siddhartha had gone missing on Monday night en route to Karnataka's Mangaluru. A letter which was purportedly written by him was recovered shortly after, wherein he had stated he was under "tremendous pressure" from lenders and private equity partners. The letter had also alleged "harassment" at the hands of tax authorities.

Snapshot
  • The body has been sent to Wenlock Hospital for post-mortem
  • The I-T department did not verify Siddhartha’s letter independently, saying the initials don’t match his filings
  • Mangaluru police said Siddhartha’s family was alerted by the driver after he did not return to his car for an hour
  • Shares of Coffee Day Enterprises hit a 20 percent lower circuit on both Tuesday and Wednesday

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7:48 PM , 01 Aug

Police Team Set up to Probe CCD Founder VG Siddhartha’s Death

A police team has been constituted to probe the death of Cafe Coffee Day founder V G Siddhartha, Mangaluru police commissioner Sandeep Patil said Thursday.

The team will be headed by assistant commissioner of police (Mangaluru south sub-division), T Kodandaram.

"We are waiting for the post-mortem report which will make it clear how the death happened," Patil told reporters at Mangaluru.

A police team that left for Bengaluru earlier had questioned the executives and employees of the company and gathered a lot of information, he said.

"In the coming days also, we will question some other people too," he added.

Two mobile phones were seized, which the police were analysing, Patil said, adding one was found with Siddhartha, while the other was in the late business man's car.

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7:08 PM , 31 Jul

CCD Founder VG Siddhartha Cremated in Chikkamagaluru

  • CCD Founder VG Siddhartha’s last rites in Chikkamagaluru.
  • CCD Founder VG Siddhartha’s last rites in Chikkamagaluru.

CCD Founder VG Siddhartha has been cremated at his estate in Karnataka’s Chikkamagaluru.

7:02 PM , 31 Jul

Siddhartha's Last Rites Underway at His Estate in Chikkamagaluru

Coffee tycoon VG Siddhartha’s last rites begin in Chikkamagaluru as people throng to pay their respects.

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5:24 PM , 31 Jul

Siddhartha's Body Moved to His Estate for Last Rites

VG Siddhartha’s mortal remains has been moved to his Chetanhalli estate in Mudigere Taluk for last rites.


Published: 30 Jul 2019, 8:43 AM IST
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