Bangalore News July 31 highlights: Nearly two days since he was first reported missing, the cremation of Cafe Coffee Day founder V G Siddhartha took place in his ancestral home in Chethanahalli at Mudigere taluk, Chikkamagaluru, on Wednesday.
Also, the son-in-law of former Union External Affairs Minister and former Karnataka chief minister SM Krishna, Siddhartha’s body was found on the banks of the Nethravathi river near Mangaluru at 4.30 am Wednesday.
Condoling the death of coffee tycoon VG Siddhartha, West Bengal Chief Minister Mamata Banerjee said it is a “dangerous signal for the country.. if all industrialists leave the country or commit suicide.” “I’m feeling sad today because it should not be the future of the industry or agriculture,” she said.
Earlier on Wednesday, Coffee Day Enterprises Ltd named independent director SV Ranganath as their interim chairman. ““The board appointed SV Ranganath as the interim chairman and Nitin Bagmane as an interim chief operating officer (COO) of the company,” Coffee Day Enterprises, which runs India’s biggest coffee chain CCD, read a regulatory filing.
Politicians and celebrities from across the state paid tribute to the businessman at Mangalore and at his establishment in Chikkamagaluru before the body was taken to Chethanahalli for the funeral.
While Chief Minister BS Yediyurappa was the first among other politicians to pay homage to Siddhartha, senior Congress leader DK Shivakumar chose to be with the deceased’s family throughout the day. He flew with Krishna and his wife from HAL airport, Bangalore in a helicopter to Chikkamagaluru this afternoon.
VG Siddhartha cremated at family's Chethanahalli estate in Chikkamagaluru
Cafe Coffee Day founder VG Siddhartha was cremated at his family Chethanahalli estate at Mudigere in Chikmagalur district of Karnataka. Family, friends and well wishers bid a tearful farewell to Siddhartha.
Indians mourn Cafe Coffee Day founder VG Siddhartha’s demise with #CCDMemories
Many expressed surprise after the demise of VG Siddhartha, the founder of the Cafe Coffee Day chain, was announced Wednesday. But it also resulted in people taking to social media to share their fondest memory at a Cafe Coffee Day outlet in the country. People spoke about how they had gone on dates, met their future spouses and struck business deals over a cup of coffee. Read more
Siddhartha's mortal remains being moved to the funeral pyre
Siddhartha's mortal remains being moved to the funeral pyre. Family members surround the pyre.
Mortal remains reach Chethanahalli ancestral home
Cafe Coffee Day owner VG Siddhartha's mortal remains have reached his ancestral home in Chethanahalli estate, Mudigere. The funeral will take place after the people gathered in the area will be given a chance to pay homage to the departed.
Siddhartha's mortal remains being moved to final resting place
Siddhartha’s mortal remains are being taken to his native Chethanahalli. Final rites of Siddhartha to be conducted at Chethanahalli estate. The estate is near Mudigere in Chickmagaluru district.
Leaders pay homage to Siddhartha
Chief Minister Yediyurappa, BJP leaders Ashoka, CT Ravi, former chief minister Kumaraswamy, Congress leaders D K Shivakumar, KJ George and NA Haris were among those who paid homage to Siddhartha. Kumaraswamy broke down seeing the mortal remains of Siddhartha.
Well wishers pay homage to Siddhartha's mortal remains
The mortal remains of Siddhartha has been brought to his estate in Chikkamagaluru and people are moving past the casket.
Captains of industry in the country are under pressure: Mamata Banerjee
Mamata Banerjee: I am deeply shocked by the incident relating to V G Siddhartha, Coffee Cafe Day founder. It is indeed very sad and very unfortunate. From what he has expressed, it appears that he was greatly depressed due to harassment and pressure from different agencies for which he could not run his business in a peaceful manner. This he could not resist.
In a series of tweets made condoling VG Siddhartha's death, she further adds, "From what he has expressed, it appears that he was greatly depressed due to harassment and pressure from different agencies for which he could not run his business in a peaceful manner. This he could not resist. I hear from different sources that captains of industry in the country are under pressure; some of them have left the country and some are contemplating to move out. All the opposition political parties are afraid of horse trading and harassment with political vendetta."
She then adds, "On one hand, the economic growth of the country has nosedived to as low as 5.8% in the fourth quarter of 2018/19, the lowest in the last 5 years, and unemployment has increased to the highest level in the last 45 years. On the other hand, central government is actively pursuing disinvestment of government assets, from Ordnance Factory Board to BSNL, from Air India to Railways, from Chittaranjan Locomotive Works to Alloy Steel Plant, Durgapur and about 45 more public sector undertakings. The overall economy is in bad shape with the common people suffering the most. Industry and agriculture and creation of employment is the future of our country. If industry is demoralised, then there will be no economic and employment growth. As a result, more and more people will become jobless."
She appeals on Twitter, "My appeal to the government is that when you have been elected, you have to work in a peaceful manner so that people are confident and that political vendetta and agencies do not destroy the future of the country. I express my deep condolence to the family members of Siddhartha. I feel really sad to hear the news. I thought of sharing my feelings and thoughts with all of you."
I hear from different sources that captains of industry in the country are under pressure; some of them have left the country and some are contemplating to move out. All the opposition political parties are afraid of horse trading and harassment with political vendetta. (3/9)— Mamata Banerjee (@MamataOfficial) July 31, 2019
SV Ranganath appointed CCD's interim Chairman
Voluntary bandh across Chickmagalur district
Thousands arrive in Chikkamagaluru estate to pay last respects
Thousands of people including coffee planters, CCD employees, relatives, friends, and well-wishers of late CCD owner VG Siddhartha has arrived in his Chikkamagaluru estate. Siddhartha's mortal remains are now on the way from Wenlock Hospital in Mangalore, where the autopsy was done. The body is expected to reach Chikkamagaluru by 2.30 pm.
Sowmya Reddy pays tribute to CCD's VG Siddhartha
Recalling the contribution of late Cafe Coffee Day owner VG Siddhartha, Jayanagar MLA Sowmya Reddy said he was a "successful entrepreneur who built homegrown brand CCD and had created 50K+ jobs through his various ventures."
Terribly pained to hear the tragic end of business tycoon and Namma Karnataka’s pride Sri #VGSiddhartha ji.— Sowmya Reddy (@Sowmyareddyr) July 31, 2019
He was a successful entrepreneur who built home grown brand CCD and had created 50K+ jobs through his various ventures.
My heartfelt condolences to his family & friends. pic.twitter.com/rc3sdwDgwk
Coffee estate workers get holiday to mourn VG Siddhartha's death
The Karnataka Coffee Planters Association has declared a holiday for all coffee estate labourers in Chikkamagaluru, Kodagu, and Hassan districts in the light of the death of CCD founder VG Siddhartha.
VG Siddhartha's death takes political turn - BJP reacts to Congress allegations
Reacting to Karnataka Congress terming CCD owner Siddhartha's death as the "result of harassment by IT officials & decline of India’s entrepreneurial position turning virulent by the day, with Tax Terror & collapse of economy," the BJP camp has tweeted, "Investigation will revile the facts behind this tragic incident."
Opportunistic political vultures flocking in full force totally disconnected from the emotions of family members of #VGSiddhartha— BJP Karnataka (@BJP4Karnataka) July 31, 2019
Investigation will revile the facts behind this tragic incident.
Until then respect the sentiment of masses & display some humanity if left with any https://t.co/X37Ef71jh9
CCD owner’s death: Kiran Shaw slams PE firm, Mahindra says business failure need not destroy self-esteem
Some of the biggest names of India Inc. such as Kiran Mazumdar Shaw and Anand Mahindra have expressed shock over Cafe Coffee Day owner VG Siddhartha’s death. Many prominent business personalities who are no stranger to financial turbulence have also pointed out to the growing incidents of tax-terrorism following Siddhartha’s letter.
Reacting to the demise of Siddhartha, Biocon MD Kiran Mazumdar Shaw said it was a “shocking and sad end to a quiet n unassuming pioneer who started the coffee cafes business ahead of Starbucks in India”. Posting the letter, Shaw further tweeted that the Private Equity fund manager acted like a moneylender which seemed to have caused unbearable stress to VG Siddhartha and it needs to be investigated. Read more
Karnataka has lost a great businessman: HD Kumaraswamy
Former Karnataka CM HD Kumaraswamy: I am shocked to hear the news of the death of businessman and close friend Siddhartha. Siddhartha, a friend of the last 25 years, had introduced Karnataka's coffee industry to the world. Thousands of employees were accommodated in their organizations. With his death Karnataka has lost a great businessman.
ಉದ್ಯಮಿ ಹಾಗೂ ಆತ್ಮೀಯ ಗೆಳೆಯ ಸಿದ್ಧಾರ್ಥ ಅವರ ನಿಧನದ ಸುದ್ದಿ ತಿಳಿದು ಆಘಾತಗೊಂಡಿದ್ದೇನೆ. ಕಳೆದ 25 ವರ್ಷಗಳ ಸ್ನೇಹಿತ ಸಿದ್ಧಾರ್ಥ ಅವರು ಕರ್ನಾಟಕದ ಕಾಫಿ ಉದ್ಯಮವನ್ನು ವಿಶ್ವಕ್ಕೆ ಪರಿಚಯಿಸಿದ್ದರು. ಸಹಸ್ರಾರು ನೌಕರರಿಗೆ ತಮ್ಮ ಸಂಸ್ಥೆಗಳಲ್ಲಿ ಅವಕಾಶ ಕಲ್ಪಿಸಿದ್ದರು. ಅವರ ನಿಧನದಿಂದ ಕರ್ನಾಟಕ ಶ್ರೇಷ್ಠ ಉದ್ಯಮಿಯೊಬ್ಬರನ್ನು ಕಳೆದುಕೊಂಡಿದೆ.— H D Kumaraswamy (@hd_kumaraswamy) July 31, 2019
VG Siddhartha's death: Roshan Baig tweets condolence message
#VGSiddhartha introduced Karnataka's coffee to the whole of India. After helping thousands of families by creating jobs and creating a business that touched every single Indian deeply, he didn't deserve to go this way.— Roshan Baig (@rroshanbaig) July 31, 2019
My condolences to his family#RIPSiddhartha pic.twitter.com/KjyFwv0s45
Helicopter from HAL Airport carrying SM Krishna and wife takes off; DKS joins them
Former Karnataka chief minister SM Krishna and wife is now flying to Chikkamagaluru for their son-in-law and CCD founder VG Siddhartha's funeral. The aged couple is travelling in a helicopter which took off from Bangalore HAL Airport now.
Former minister and senior Congress leader DK Shivakumar has joined them for the same.
By road, late Siddhartha's coffee estate in Chikkamagaluru in 250 kilometres away from Bengaluru and the journey would require a time of more than 4.5 hours.
Former CM SM Krishna and family leaves for Chikkamagaluru
Late Cafe Coffee Day owner VG Siddhartha's father-in-law and former Karnataka chief minister SM Krishna and family have left their Bangalore residence at Sadashivanagar for Chikkamagaluru. The funeral is scheduled to take place this evening.
CM Yediyurappa to attend funeral
Karnataka chief minister BS Yediyurappa will attend CCD founder VG Siddhartha's funer in Chikkamagaluru this evening. The CM will take a helicopter from Bangalore HAL Airport to fly to Chikkamagaluru at 1.30 pm
VG Siddhartha dead: From going missing to found dead — what all happened in between
In 24 hours, several developments in the incident took place — he was last seen by his driver on the bridge of river, his purported last letter came out, political leaders started visiting SM Krishna's house, fishermen said they saw somebody jumping off the bridge, among others.
A massive search operation was launched by the police on Tuesday, with teams from National Disaster Response Force (NDRF), Coast Guard, Home Guard, fire services and coastal police assisting in the efforts.
Siddhartha's mortal remains to be shifted to Chickmagalur
Coffee tycoon VG Siddhartha's mortal remains to be shifted to Chickmagaluru soon. Preparations are underway in Chickmagalur for the funeral and for the mortal remains to be kept for display for well wishers and employees to pay homage.
Coffee Day Enterprises shares plummet on news of Siddhartha's death
Shares of Coffee Day Enterprises Ltd further plummeted 20 per cent to hit its lowest trading permissible limit for the day on Wednesday after its Chairman and Managing Director V G Siddhartha's body was found. The scrip tumbled 20 per cent to Rs 123.25 -- its 52-week low level as well as its lowest trading permissible limit for the day -- on the BSE. At the NSE, it dropped 20 per cent to hit its one year low as also its lower limit of Rs 122.75.
Shares of Coffee Day Enterprises Ltd dropped 20 per cent on Tuesday also after reports surfaced that Siddhartha has gone missing.
Post-mortem concludes; body to be taken to Mudigere estate soon
Cafe Coffee Day founder VG Siddhartha's post-mortem concludes in Wenlock District Hospital, Mangalore. His mortal remains will be kept in his estate in Mudigere, Chikkamagaluru for public homage before the funeral scheduled to take place this evening.
Siddhartha redefined coffee business, helped build and change lives: Mallikarjun Kharge
Condoling the demise of CCD owner-founder VG Siddhartha, senior Congress leader Mallikarjun Kharge recalled that the late entrepreneur "redefined coffee business, helped build and change lives."
My deepest sympathies with Sri.Krishna & his family on the demise of Sri. Siddhartha. He was one of the bravest entrepreneurs I have seen who redefined coffee business, helped build & change lives.— Mallikarjun Kharge (@kharge) July 31, 2019
May the family have the strength to overcome this grief.
Siddhartha's death disturbing and mysterious: Siddarmaiah
"The death of V G Siddhartha is both disturbing &mysterious. The reasons & the invisible hands that ended his life in this tragic way should be unearthed through impartial &fair investigation. Our party & I shall always stand with Shri. S M Krishna in their fight for justice," Congress leader and former Karnataka CM Siddaramaiah said.
Further, he adds, "The letter supposed to have written by V G Siddhartha few days before his death has discussed about tax terrorism, which is an ugly face of politically motivated institutions. What signals are we sending to the budding entrepreneurs without even an attempt to reform?"
The letter supposed to have written by V G Siddhartha few days before his death has discussed about tax terrorism, which is an ugly face of politically motivated institutions.— Siddaramaiah (@siddaramaiah) July 31, 2019
What signals are we sending to the budding entrepreneurs without even an attempt to reform?
Police officials arrive at CCD head office
Officials from the @BlrCityPolice have arrived at Cafe Coffee Day head office in Vittal Mallya Road, Bangalore following #VGSiddhartha's death. They are now collecting information on the late #CCDFounder's businesses. @IndianExpress pic.twitter.com/0G4OPnTrm0— Ralph Alex Arakal (@ralpharakal) July 31, 2019
High time lawmakers bring in progressive policies over punitive actions: JD(S) MLC
Reacting to Siddhartha's demise, JD(S) Member of Karnataka Legislative Council HM Ramesh Gowda said, "It is high time that lawmakers should open their eyes and bring positive, progressive policies and provide opportunities for corrective measures rather than only punitive actions. Our heartfelt condolences for the ever-loving departed soul of Siddartha."
Post-mortem done by 2 specialists: Wenlock Hospital officials
Officials at Wenlock Hospital, Mangalore, has confirmed that the post-mortem of VG Siddhartha's dead body will be conducted by two specialists. "As per requests by the police, two specialists - a professor of forensic sciences and the senior specialist of forensic medicine in Wenlock hospital - are conducting the post-mortem as per the set of standard procedures," Dr D Rajeshwari, a surgeon at Wenlock Hospital says.
Had hopes of Siddhartha being alive somewhere: UT Khader
We are very sad to confirm #VGSiddartha's death. We had hopes of him being alive somewhere even when many thought he might have taken some extreme step. A person like him doing this is shocking: Former minister @utkhader said at Ullal | @IndianExpress pic.twitter.com/kuaUnV9eac— Ralph Alex Arakal (@ralpharakal) July 31, 2019
Deeply saddened on Siddhartha's untimely death: Pralhad Joshi
Union Parliamentary Affairs minister Pralhad Joshi said he is deeply saddened on getting to know about Cafe Coffee Day owner VG Siddhartha's death. Condoling his family members, Joshi wrote on Twitter that he prays for Siddhartha's soul.
ಕೆಫೆ ಕಾಫಿ ಡೇ ಕಂಪೆನಿ ಮಾಲೀಕ, ಮಾಜಿ ಮುಖ್ಯಮಂತ್ರಿ ಶ್ರೀ ಎಸ್.ಎಂ.ಕೃಷ್ಣ ಅವರ ಅಳಿಯರಾಗಿದ್ದ ಶ್ರೀ ಸಿದ್ದಾರ್ಥ ವಿ.ಜಿ. ಅವರು ಅಕಾಲಿಕವಾಗಿ ನಿಧನರಾಗಿರುವುದು ತೀವ್ರ ದುಖಃ ತಂದಿದೆ.— Pralhad Joshi (@JoshiPralhad) July 31, 2019
ಅವರ ಕುಟುಂಬಕ್ಕೆ ದುಃಖ ಸಹಿಸುವ ಶಕ್ತಿಯನ್ನು ದೇವರು ಕರುಣಿಸಲಿ. ಅವರ ಆತ್ಮಕ್ಕೆ ಶಾಂತಿ ಸಿಗಲೆಂದು ಭಗವಂತನಲ್ಲಿ ಪ್ರಾರ್ಥಿಸುತ್ತೇನೆ.
Karnataka Congress terms Siddhartha's death 'result of harassment by IT officials'
#VGSiddhartha case is very unfortunate.— Karnataka Congress (@INCKarnataka) July 31, 2019
Result of harassment by IT officials & decline of India’s entrepreneurial position turning virulent by the day, with Tax Terror & collapse of economy
Companies which flourished under UPA have been shut down with many people being jobless pic.twitter.com/rbwUymoM3B
Who found Siddhartha's body?
Eyewitness reports say a group of fishermen who found the body of Coffee tycoon VG Siddhartha, said that they saw a body floating on water in the morning and suspected that it could be that of Siddhartha's and went closer to inspect the same.
Shocked to hear the news: CM Yediyurappa reacts on Siddhartha's death
Reacting to VG Siddhartha's death, Karnataka Chief Minister wrote on Twitter, "I am shocked to know that Cafe Coffee Day founder and businessman Siddhartha who is also former chief minister Shri SM Krishna's son-in-law is no more. This causes deep pain. May the Almighty have mercy on his family. May his soul rest in peace."
ಮಾಜಿ ಮುಖ್ಯಮಂತ್ರಿ ಶ್ರೀ ಎಸ್.ಎಂ.ಕೃಷ್ಣ ಅವರ ಅಳಿಯ ಕೆಫೆ ಕಾಫಿ ಡೇ ಸಂಸ್ಥಾಪಕ ಹಾಗೂ ಉದ್ಯಮಿ ಸಿದ್ದಾರ್ಥ್ ಅವರ ಸಾವು ತೀವ್ರ ಆಘಾತ ಹಾಗೂ ಅಪಾರ ನೋವು ತಂದಿದೆ. ಅವರ ಕುಟುಂಬಕ್ಕೆ ದುಃಖ ಸಹಿಸುವ ಶಕ್ತಿಯನ್ನು ಭಗವಂತ ಕರುಣಿಸಲಿ. ಅವರ ಆತ್ಮಕ್ಕೆ ಶಾಂತಿ ಸಿಗಲಿ. #OmShanti pic.twitter.com/313VJ9lQ4F— B.S. Yediyurappa (@BSYBJP) July 31, 2019
Last rites likely to be held this evening at Mudigere estate
The mortal remains of Cafe Coffee Day owner VG Siddhartha is likely to be taken to his estate in Mudigere where the final rites will take place by this evening, close relatives indicate. His body is now undergoing post-mortem and other formalities in Wenlock hospital in Mangalore.
Mudigere, a town in Chikkamagaluru district, is 130-kilometres away from Mangalore and 260 kilometres off Bangalore.
Govt agencies and banks can drive anyone to desipre: Vijay Mallya
I am indirectly related to VG Siddhartha. Excellent human and brilliant entrepreneur. I am devastated with the contents of his letter. The Govt Agencies and Banks can drive anyone to despair. See what they are doing to me despite offer of full repayment. Vicious and unrelenting.— Vijay Mallya (@TheVijayMallya) July 30, 2019
After 36 hours of search operations, CCD owner VG Siddhartha found dead
VG Siddhartha, the founder-owner of Cafe Coffee Day, who was reported missing since Monday, is confirmed dead. His body was found on the banks of Netravati River in Mangaluru at 4.30 am Wednesday. Siddhartha, the son-in-law of former Karnataka Chief Minister SM Krishna, disappeared following a drive to Mangaluru with his driver and was last seen on the bridge over the Netravati river on Monday evening. The body was found after the police had launched a massive search operation after Siddhartha’s driver reported him missing. Teams of National Disaster Response Force, Coast Guard, Home Guard, fire services and coastal police also scoured the swollen Nethravathi river to look for him.