VG Siddhartha death Live Updates: CCD founder's last rites to be held at 6.30 pm today
VG Siddhartha death: The last rites of VG Siddhartha will be carried out at his father's estate in Belur taluka, Karnataka
- Jul 31, 2019,
- Updated Jul 31, 2019 4:29 PM IST
VG Siddhartha death: The last rites of CCD owner VG Siddhartha will take place at his father's estate in Karantaka's Belur. The cremation is expected to happen at around 6:30 pm.
A political war of words has erupted in Karnataka after coffee king VG Siddhartha's alleged suicide. Referring of Siddhartha's last letter to CCD employees and its board, the state Congress unit had said "harassment by the I-T officials" had resulted in a decline in the country's "entrepreneurial position". The BJP's state unit slammed the party for being opportunist and asked it to "display some humanity".
The body of VG Siddhartha, the owner and founder of the largest coffee chain in India, Cafe Coffee Day (CCD), was recovered around 6:50 am on Wednesday morning. He was missing from the Nethravathi dam site in Karnataka since Monday evening. The tycoon's body was recovered after 36 hours of frantic search on the banks of Nethravathi River.
Meanwhile, Coffee Day Enterprises has appointed SV Ranganath as the new Interim Chairman. The company has also appointed Nitin Bagmane as an Interim Chief Operating Officer. Taking cognizance of Siddhartha's letter relating to financial transactions outside the knowledge of the senior management, auditors and the board, the CCD board said while the authenticity of the letter was unverified, it had decided to investigate the matter.
VG Siddhartha death: The last rites of CCD owner VG Siddhartha will take place at his father's estate in Karantaka's Belur. The cremation is expected to happen at around 6:30 pm.
A political war of words has erupted in Karnataka after coffee king VG Siddhartha's alleged suicide. Referring of Siddhartha's last letter to CCD employees and its board, the state Congress unit had said "harassment by the I-T officials" had resulted in a decline in the country's "entrepreneurial position". The BJP's state unit slammed the party for being opportunist and asked it to "display some humanity".
The body of VG Siddhartha, the owner and founder of the largest coffee chain in India, Cafe Coffee Day (CCD), was recovered around 6:50 am on Wednesday morning. He was missing from the Nethravathi dam site in Karnataka since Monday evening. The tycoon's body was recovered after 36 hours of frantic search on the banks of Nethravathi River.
Meanwhile, Coffee Day Enterprises has appointed SV Ranganath as the new Interim Chairman. The company has also appointed Nitin Bagmane as an Interim Chief Operating Officer. Taking cognizance of Siddhartha's letter relating to financial transactions outside the knowledge of the senior management, auditors and the board, the CCD board said while the authenticity of the letter was unverified, it had decided to investigate the matter.