Cafe Coffee Day Founder VG Siddhartha's body found

NewsMeter Network, Hyderabad

The dead body of Cafe Coffee Day founder VG Siddhartha was found on Tuesday morning after 35 hours of search operations. VG Siddhartha who is also the son-in-law of former Karnataka Chief Minister SM Krishna went missing from a bridge near Mangaluru in Karnataka.

After a massive search operation the body which had washed ashore the Netravati river near Ullal in Mangaluru was found by fishermen at around 6:30 on Tuesday morning.�

The body was immediately shifted to Wenlock Hospital where a post-mortem has been conducted.� Mortal remains of VG Siddhartha� to be kept from 2 to 4.30 pm today in Chikkamagaluru for public to pay tributes.Later, Siddhartha's body will be taken to Chikkamagaluru after post-mortem where his last rites will be performed.

After a letter allegedly written by VG Siddhartha went viral on social media even IT department also issued a statement.

The official statement by IT officials reads, “The investigation in the case of VG Siddhartha and Cafe Coffee day (CCD) arose from the search in the case of a prominent political leader of Karnataka. It is based on the unearthing of a credible evidence of financial transactions done by the CCD in a concealed manner,” the Income Tax Department’s statement said.�

"Siddhartha, subsequently filed the Return of Income but did not offer the above undisclosed income as admitted in the sworn statement in both the cases except sum of around Rs.35 Crores in his individual case. Further one of the group company M/s Coffee Day Global Ltd has not paid the Self-Assessment Tax of Rs 14.5 Crores on the returned income. M/s Coffee Day Enterprises Ltd did not offer the admitted income in its part,” the letter stated.