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Bangalore news July 30 highlights: Search still on for missing Cafe Coffee Day founder VG Siddhartha; IT Dept doubts Siddhartha letter

Bangalore news July 30 highlights: Get the latest updates on Cafe Coffee Day CCD Owner VG Siddhartha Missing, Bangalore Weather Forecast, Bangalore traffic, Bangalore weather, the events in Bangalore today and much more in our daily live blog.

By: Express Web Desk Written by Ralph Alex Arakal , Darshan Devaiah BP | Bengaluru |
Updated: July 30, 2019 7:21:51 pm
CCD-founder-V-G-Siddhartha Founder-owner of Cafe Coffee Day V G Siddhartha.

Bangalore news July 30 highlights: Founder-owner of Cafe Coffee Day V G Siddhartha has gone missing in Mangalore since Monday night. He is also the son-in-law of former Union External Affairs Minister and former Karnataka CM SM Krishna.

According to his driver’s statement to Mangaluru police, Siddhartha got out of his car near a bridge across Nethravathi river in Mangaluru and never returned. The businessman and his driver were travelling from Bengaluru when the former asked the latter to stop the car near the bridge.

Karnataka CM BS Yediyurappa and senior politicians including Congress MLA D K Shivakumar have rushed to S M Krishna’ residence in Bengaluru. An investigation by the Karnataka police department is underway. Coast guard has joined the ongoing search operations in Nethravathi river for the same.

Live Blog
18:20 (IST)30 Jul 2019
IT dept clarifies on tax raids on VG Siddhartha

IT department clarifies that the investigation on VG Siddhartha arose out of searches conducted on a prominent political figure in Karnataka.  It is based on credible evidence on unearthing of financial transcations done by CCD, says the IT dept.

18:01 (IST)30 Jul 2019
Siddhartha's signature in letter does not match: IT Dept

The Income Tax Department says the authenticity of the letter which is doing rounds on social media is not known and the signature in the letter doesn’t tally with Siddhartha’s as available in annual reports.

17:41 (IST)30 Jul 2019
Cafe Coffee Day Press Release on VG Siddhartha's disappearance

Press release from Cafe Coffee Day:  The Board had an emergency meeting today. The Board is confident that the professional management of the Company and each of the entities in the Coffee Day Group and their respective leadership team, will ensure continuity of all business operations consistent with past behaviour. In the interim, the Board is evaluating and assessing the situation, formulating appropriate steps to ensure business operations are unaffected, and has resolved to co-operate with authorities.

The board also reviewed a copy of the letter purportedly signed by Mr. V. G. Siddhartha dated July 27, 2019 and has shared a copy of the letter with relevant authorities. The board has also sought the assistance of local and state authorities, who are doing their utmost, and relevant officers of the Company are cooperating with the authorities as requested.

In this hour of need we are counting on the support and strength of all our stakeholders including employees, customers, lenders, contractual counterparties, media, and well-wishers and request all to keep their morale high. We are requesting the media to honour the privacy of the family at this time and avoid any speculation.

17:30 (IST)30 Jul 2019
Meeting of CCD's Board of Directors underway

A meeting of the Board of Directors of Café Coffee Day is being held at Bengaluru, even as search operations are underway to trace the company's founder VG Siddhartha.

17:09 (IST)30 Jul 2019
Mangaluru police grill Siddhartha's driver

VG Siddhartha's driver, who is in the custody of Mangaluru police since yesterday, is being grilled on various angles to find leads to the Cafe Coffee Day's founder being missing since Monday night. His driver, identified as Basavaraj Patil, is still under investigation at Kankanady Town police station, police officials confirm.

16:22 (IST)30 Jul 2019
IN PICS| Siddaramaiah, Ramesh Kumar and other Congress leaders meet SM Krishna
14:52 (IST)30 Jul 2019
Senior politicians join SM Krishna in his residence

Senior Congress leader Mallikarjun Kharge, former Karnataka CM H D Kumaraswamy, former ministers  G Parameshwara and Priyank Kharge have reached SM Krishna's residence in Sadashivanagar to offer moral support. Missing entrepreneur and owner of Cafe Coffee Day VG Siddhartha is Krishna's son-in-law.  

14:46 (IST)30 Jul 2019
Siddhartha missing: BJP leader CT Ravi makes emotional tweet
14:22 (IST)30 Jul 2019
Kiran Mazumdar Shah seeks investigation into VG Siddhartha's disappearance

Kiran Mazumdar Shaw: He was a quiet n unassuming pioneer who started the coffee cafes business ahead of Starbucks in India. It seems to indicate that the Private Equity fund manager acted like a money lender n seems to have caused unbearable stress - needs to be investigated.

13:53 (IST)30 Jul 2019
Diving experts from Navy join search ops, Coast Guard ships and helicopter to intensify search soon: Dakshina Kannada DC
13:35 (IST)30 Jul 2019
Cafe Coffee Day share price falls 20% after founder VG Siddhartha goes missing

Hours after Mangaluru Police launched a search for missing Cafe Coffee Day owner VG Siddhartha, the son-in-law of former Karnataka chief minister SM Krishna, the shares of the coffee chain plunged 20 per cent in early trading on Tuesday, Reuters reported. In a regulatory filing to Securities and Exchange Board of India (SEBI), Coffee Day Enterprises said Siddhartha has not been reachable since last evening. “V G Siddhartha, Chairman and Managing Director of Coffee Day Enterprises Limited is not reachable since yesterday evening. We are taking the help of concerned authorities,” the filing stated. Read more

13:30 (IST)30 Jul 2019
More politicians arrive at SM Krishna's residence

Politicians across parties have arrived at former Chief Minister SM Krishna's residence in Sadashivanagar following the news of his son-in-law and founder of Cafe Coffee Day VG Siddhartha missing since Monday night. While CM Yediyurappa, former PM and JD(S) supremo HD Deve Gowda, and BJP MLA Sriramlulu are among key politicians who visited his residence this morning, Congress MLA DK Shivakumar and JD(S) MLA H D Revanna is still at Krishna's home. 

Express Photo/Darshan Devaiah

13:22 (IST)30 Jul 2019
WATCH| Requested the state government to investigate the matter: DK Shivakumar
13:07 (IST)30 Jul 2019
BJP MPs meet Home Minister Amit Shah
13:00 (IST)30 Jul 2019
Who is VG Siddhartha?

VG Siddhartha is the founder and owner of popular chain Cafe Coffee Day (CCD) and son-in-law of former Karnataka chief minister SM Krishna. He has gone missing from Mangaluru since Monday night. Siddhartha was on a business trip to Chickmagaluru and was last seen near Ullal bridge over the Netravati river on Monday evening. 

Siddhartha became the first entrepreneur in Karnataka to set up a café in 1996 — CCD, which has now become India's largest and premier retail chain of cafes with 1,423 cafes in 209 cities/towns. Read more

11:59 (IST)30 Jul 2019
DK Shivakumar calls 'letter' fishy; demands investigation

Reacting to the news of CCD owner VG Siddhartha missing since Monday night, Congress leader D K Shivakumar said that he received a call from him on the 28th (July) asking if they could meet up. "It’s unbelievable that a courageous man like him would resort to this. However, I find this utterly fishy (the incident and the letter shared online) and urge that a thorough investigation be conducted into this matter. Shri Siddhartha and his family were closely known to me for decades now," Shivakumar said. DKS was one among the first politicians who rushed to former Chief Minister SM Krishna's residence in Bengaluru this morning soon after he got to know about the incident. Siddhartha is SM Krishna's son-in-law. 

(File Photo)

11:53 (IST)30 Jul 2019
WATCH| Security heightened at CCD head office in Bangalore
11:23 (IST)30 Jul 2019
Cafe Coffee Day yet to confirm VG Siddhartha's letter

Spokesperson from CCD head office: We are still in a shock and our employees are still hoping for the best. As of now, we are yet to confirm the genuineness of the letter that is being flashed on media. We are here to ensure that business will not be hit in any circumstances.

11:21 (IST)30 Jul 2019
Coast Guard joins search operations for VG Siddhartha

Coast Guard with two ships have joined the search operations near the Aliva Bagilu where  the Nethravathi river merges with Arabian Sea. District officials also say that helicopters are joining the search operations following the improvement in the weather.

11:13 (IST)30 Jul 2019
CCD management informs SEBI on VG Siddhartha

CCD management informs SEBI on VG Siddhartha: This is to inform you that, Mr. V G Siddhartha, Chairman and Managing Director of Coffee Day Enterprises Limited has not reachable since yesterday evening. We are taking the help of concerned authorities. Company is professionally managed and led by competent leadership team, which will ensure continuity of business.

We will keep you posted as and when we receive further updates. 

Meanwhile, Bengaluru City Police Commissioner Alok Kumar inspected pubs and bars operating on Commercial Street and Church Street on Sunday night and later paid surprise visits to different police stations in the Central Business District area.

READ| Bengaluru: Police conduct surprise raids on pubs, register 1,169 drunken driving cases

At the same time, pedestrians have complained about overspeeding vehicles and motorcyclists on the stretch, especially on weekends. The vehicles are haphazardly parked and garbage bins left uncleaned, they complained.

READ| How pedestrian-friendly is Bengaluru’s Church street? BBMP to conduct survey

Also, check out the full timeline of events that led to 17 MLAs being disqualified from the Karnataka Legislative Assembly after the collapse of the H D Kumaraswamy-led JD(S)-Congress coalition government and BJP's B S Yediyurappa taking over as the 25th Chief Minister of the state.

Here are a few contacts that might come handy for you in emergency situations: BBMP Control room: 080-22221188 In case of power disruptions, contact BESCOM: 1912. If the water supply is hit at your area, contact BWSSB: 1916.

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