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Cafe Coffee Day Founder Siddhartha Goes Missing In Karnataka, Last Letter To Employees Found


30 July 2019

OMMCOM NEWS


Bengaluru: Cafe Coffee Day retail chain outlets founder V.G. Siddhartha was found reportedly missing since late on Monday from near Mangaluru in Karnataka, police said on Tuesday.

"A case of Siddhartha missing since Monday night has been filed by his driver at a local police station in Mangaluru, Search is on to trace him or his body," a police official told reporters in the port city on the west coast, about 350km from Bengaluru.

According to the complaint Basavaraj Patil filed at the police station, Siddhartha got down from the car on the bridge across the Nethrvathi river and asked him to wait at the other end of it as he wanted to walk for a while but did not turn up even an hour later."

Police suspect Siddhartha would have jumped into the flowing river from the bridge as the driver found him missing in the area.

Siddharha is the son-in-law of BJP's senior leader and state's former Chief Minister S.M. Krishna.

A last letter written by him to employees and board of directors was also found. He mentions, "Every financial transaction is my responsibility. The law should hold me and only me accountable."

He sold his entire 20 per cent equity stake in the city-based software major Mindtree Ltd to the Mumbai-based Larsen & Toubro (L&T) for Rs 3,300 crore at Rs 980 per share of Rs 10 face value on March 18.

(IANS)