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CCD owner VG Siddhartha found dead, body recovered from Netravati river

VG Siddhartha: The body of CCD owner has been found, he is confirmed dead.

 

Jul 31, 2019 10:34 IST
VG Siddhartha

VG Siddhartha missing updates: The body of CCD owner VG Siddhartha has been recovered from the Netravati River bank near Hoige Bazaar in Mangaluru. VG Siddhartha, founder of Café Coffee Day and son-in-law of former CM SM Krishna, had gone missing on Monday near Netravati dam site in Karnataka. He was feared dead, after his phone came off and a letter was recovered, addressed to his staff, in which VG Siddhartha apologized for failing to create the right profitable business model.

VG Siddhartha's body has been found, he will be taken to his native village Cheekanahalli near Chickmagalur, where his parents live. Siddhartha was the only son. The late CCD founder's family has decided to cremate his body at his father's coffee estate in the Belur Taluk of Karnataka.

VG Siddhartha missing LIVE updates @9:00 am: The found body has been formally identified by the CCD founder's family. This confirms the death of VG Siddhartha.

VG Siddhartha missing LIVE updates @8:40 am: The body had washed up on the shore near Ullal and it was recovered by a group of local fishermen  from the Netravati river, near Hoige Bazaar beach in Mangaluru. The spot is some distance away from where Siddhartha was last spotted. 

VG Siddhartha missing LIVE updates @8:30 am: Mangaluru Police Commissioner Sandeep Patil confirmed that a body was found early in the morning on July 31. The body appears to be of the CCD founder, the police are waiting for the family members to identify.

VG Siddhartha missing LIVE updates @8:00 am: Siddhartha was last seen by his driver on July 29 at 6pm when he got off his car.

VG Siddhartha missing LIVE updates @3:50 pm: Intensive operation still on, police is thoroughly searching areas near Mangalore's Netravathi bridge. The CCD founder allegedly had debt of Rs 7000 cr.

VG Siddhartha missing LIVE updates @3:15 pm: The Coast Guard and the National Disaster Response Force have joined the search for Cafe Coffee Day founder #VGSiddhartha in Mangaluru. Kadamba Naval base team has also reached the search site to trace the missing CCD founder.

VG Siddhartha missing LIVE updates @3:00 pm: VG Siddhartha, founder of CCD, went missing since Monday morning in Mangaluru.

VG Siddhartha missing LIVE updates @2:50 pm: BS Yediyurappa-led Karnataka Government has ordered Kannada & Culture Department to not celebrate Tipu Jayanti. The decision was taken during yesterday's cabinet meeting.

VG Siddhartha missing LIVE updates @2:45 pm: Former PM HD Deve Gowda meets former Karnata CM SM Krishna.

VG Siddhartha missing LIVE updates @2:35 pm: Dakshin Kannada district commissioner: Over 50 people in 8 boats looking for Siddhartha.

VG Siddhartha missing LIVE updates @2:34 pm: VG Siddhartha letter to staff: Full Text

VG Siddhartha missing LIVE updates @2:30 pm: The CCD owner VG Siddhartha went missing from bridge over river Netravati off Mangaluru. VG Siddhartha still missing, search operation on.

VG Siddhartha missing LIVE updates @2:29 pm: Dog squads, fishermen deployed into search operation for CCD founder VG Siddhartha. Dog squads come upon a 'strong smell' of the Siddhartha on the Netravati Bridge.

VG Siddhartha missing LIVE updates @12:00 pm: According to reports, VG Siddhartha got off from his car near a bridge in Kotekar on the Netravati River near Mangalore and did not come back. After Siddhartha did not return for an hour, his driver attempted to look for him but in vain. The driver then informed the family members who alerted the police.

VG Siddhartha missing LIVE updates @11: 40am: Besides this, Karnataka CM BS Yediyurappa has ordered the deployment of more helicopters and the Coast Guard in the search operation for the missing CCD founder VG Siddhartha at the site where he was last seen, Netravati river and bridge. CM BS Yediyurappa has also asked to be updated every minute on the search operation.

VG Siddhartha missing LIVE updates @11:30 am: Heavy rain has caused roadblock in the search operations. A naval helicopter was expected to arrive at the search site. However, the deployment of the helicopter has been delayed due to heavy rain.

VG Siddhartha missing LIVE updates @11:00 am: The Karnataka Police has initiated a wide-scale search operation in the area where VG Siddhartha was spotted last. Over 200 policemen, sniffer dogs, divers and about 25 boats have been deployed in the search operation.

VG Siddhartha missing LIVE updates @10:30 am: Search operation is on for VG Siddhartha. VG Siddhartha was last seen talking on his phone when he got off from the car.

VG Siddhartha missing LIVE updates @10:00 am: In an alleged letter to his staff, VG Siddhartha apologized for failing to create the right profitable business model. Siddhartha allegedly wrote, “I gave it my all. I am very sorry to let down all the people that put trust in me. I fought for a long time but today I gave up as I could not take any more pressure from one of the private equity partners forcing me to buy back shares, a transaction I had partially completed six months ago by borrowing a large sum of money from a friend.”

VG Siddhartha missing LIVE updates @8:00 am: VG Siddhartha, founder of Cafe Coffee Day (CCD) goes missing near Netravati bridge. He is also the son-in-law of former Karnataka CM SM Krishna.