CCD Founder’s Body Found In The River
VG Siddhartha the founder of Cafe Coffee Day jumped into the Netravati river in Managalore and committed suicide due to extreme financial woes.
A man named VG Siddhartha has been in the news a lot lately. Who is he? Wait let me tell you. VG Siddhartha is the owner-founder of the famous coffee chain Cafe Coffee Day. Twenty years ago Siddhartha launched CCD. He came to be known as the "Coffee King". CCD was the first chain of coffee shops to be opened in India. They have 1,500 cafes in India as well as in Prague, Vienna and Kuala Lumpur. He was married to former Karnataka Chief Minister SM Krishna’s daughter Malavika. He has two children.
Siddhartha owned 20.4% of the shares in the Bangalore-based IT services company Mindtree. He sold all of his shares to L&T. Everyone was shocked by this. Siddhartha's net worth is more than 1.15 billion dollars. He sold the shares because he to repay a personal loan of Rs 1,000 crore. On Monday 29th July 2019, he was on his way to Mangaluru. He then asked his driver to stop the car at a bridge near the Netravati River. According to the driver he was talking on the phone when he got out of the car. Siddhartha said that he would return soon but he did not. The driver was very worried. The driver tried calling him when he did not turn up even after an hour. It had also begun to rain. His phone was switched off and the river could not see him on the bridge.
The police then launched a massive search hunt. They started searching the river with the help of local fishermen. They also started checking who he spoke to before he went missing. Politicians in Karnataka, businessmen and his friends and family were very worried for him.
