Cafe Coffee Day(CCD) founder VG Siddhartha found dead at Netravati river

Today Cafe Coffee Day founder VG Siddhartha found dead

Finally, the quest for the famous founder of restaurant chain Cafe Coffee Day(CCD) VG Siddhartha is over. His body was found on Wednesday morning around 6:30 am, which was rescued from the Netravati river. From Tuesday morning on the Netravati river and its surroundings were under surveillance of the police. The guardsmen of coast guard dive into the water in search of the CCD head. A group of about 400 people joined the search.

Bengaluru Police Commissioner Sandeep Patil said, “After the body was recovered, VG Siddhartha’s body was examined for autopsy from Wenlock hospital. Then after his family was given information.
Cafe Coffee Day head VG Siddhartha was not found from Monday evening.

According to police sources, on Monday evening in the Jalpina Magaru area of Bengaluru, on the Ullal Bridge over the Netravati River, VG Siddhartha asked his driver to stop the car and he went out of the car. Ever since he went missing and his phone turned to Switch off. One person jumped in the Netravati river on Monday said the local residents to the police.

In the meantime, a letter written by VG Siddharth came to the hand of investigators. This letter comes to the fore some interesting information! In this letter, VG Siddhartha writes for his employees. In the letter, he writes that a private equity partner was pushing for share buy-back. Six months ago, he borrowed a huge amount of money from a friend.

Many more creditors were constantly stressing over him. Surprisingly not just the pressure from debtors but also the former DG of income tax who put pressure on him in different ways, CCD head alleges harassment against him. He also writes about the emotional stress that he can no longer endure. In this letter, he acknowledged himself for the failure of the business model he took.

 

 

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