CCD Founder VG Siddhartha Dead, Body Found on River Bank

Mangaluru, July 31, 2019:

After a massive search operation, the body of Café Coffee Day founder VG Siddhartha was recovered from Nethravathi river near Mangaluru at around 6:30 am on Wednesday where it was found floating, confirmed Mangaluru city police.

The body was shifted to Wenlock hospital where autopsy was performed. The post mortem examination of VG Siddhartha 's body has been concluded. The businessman's friends and family have left Mangaluru​ with his body and are enroute his home town Chikkamagaluru via Charmadi Ghat, News18 reported.

Sringeri MLA TD Rajegowda, who is reportedly a close associate of Cafe Coffee Day founder VG Siddhartha who was found dead in the Netravati river after a 36-hour search operation, said that the business tycoon's family has decided to cremate his body at his father's estate in the Belur Taluk of Karnataka.

Siddhartha, whose family has owned coffee estates for decades, is also the son-in-law of former Karnataka chief minister SM Krishna.

Coffee Day Enterprises’ stock has hit its 20 percent lower circuit for the second day in a row on news of founder VG Siddhartha’s death. At 09.16 am Coffee Day Enterprises was quoting at Rs 123.25, down Rs 30.80, or 19.99 percent. It has touched a 52-week low of Rs 123.25.