CCD founder VG Siddhartha's body will be taken to Mangaluru's Wenlock Hospital for post mortem
Fp Staff • 6 years agoSiddhartha had left from Bengaluru to Sakleshpur in Hassan district in a car on Monday afternoon, but on the way had asked his driver to go towards Mangaluru, the police said.
VG Siddhartha found dead: CCD founder reimagined idea of coffee in India, always sought to strike out on his own
Fp Staff • 6 years agoV G Siddhartha was listed as the 75th richest man in India in the Forbes billionaire in 2015
VG Siddhartha found dead in Mangaluru: No one was harassed, claims Income Tax dept; CCD founder had tax liability of Rs 447.47 crore
Yatishyadav • 6 years ago"The investigation had started after a search in September 2017 and VG Siddhartha himself had admitted the income of Rs 362.11 crore and Rs 11.62 crore. Thereafter, income tax investigation wing in appraisal report had estimated undisclosed income of Rs 364.46 crore in case of VG Siddhartha and Rs 118.02 Crore for Coffee Day Enterprises Limited," sources said, adding that tax liability of Siddhartha was around Rs 447.47 crore and for Coffee Day Enterprises Limited it was around Rs 188.69 crore.
CCD founder VG Siddhartha missing: No exposure to Coffee Day Enterprises; Rs 152 cr loan to global unit, says Karnataka Bank
• 6 years agoKarnataka Bank on Tuesday said it has no exposure to Coffee Day Enterprises, though the company's global unit has an outstanding loan of Rs 152 crore
Assessing situation after disappearance of chairman VG Siddhartha, taking help of authorities: Coffee Day
• 6 years agoSiddhartha, in the said letter, also took sole responsibility of all financial transactions undertaken by the company.
I-T Department had attached Mindtree shares held by VG Siddhartha without notice: Sources
Fp Staff • 6 years agoThere was no demand made by I-T Department before attaching Mindtree shares and for a “potential” tax demand of Rs 625 crore, shares worth Rs 3,000 crore were attached.
CCD founder VG Siddhartha: Private equity firm KKR 'saddened' by developments; clarifies did not sell any shares to firm after February 2018
Fp Staff • 6 years agoIn a letter to shareholders, Siddhartha had said he was under tremendous pressure from one of the private equity partners and lenders
CCD share price: Cafe Coffee Day founder VG Siddhartha missing since Monday evening; shares tank 20%
• 6 years agoShares of Coffee Day Enterprises tanked 20 percent and hit the lower circuit limit as well as 52-week low of Rs 154.05 apiece on BSE
VG Siddhartha missing: CCD founder's 'letter' blames his 'failure' on 'pressure' from equity partner, 'harassment' from ex-DG, Income Tax
Fp Staff • 6 years agoVG Siddhartha, the founder of India's largest Coffee chain Café Coffee Day, who also owns Asia's single-largest coffee estate, is missing since Monday evening. In a letter, reportedly written by Siddhartha, he blames “serious liquidity crunch”, “harassment from the previous DG income tax” and “pressure from one of the private equity partners forcing me to buy back shares” for his situation.
Full text: Cafe Coffee Day founder VG Siddhartha goes missing; leaves letter to management, staff saying 'I failed as an entrepreneur'
Fp Staff • 6 years ago"I am very sorry to let down all the people that put their trust in me," writes Caffe Coffee Day founder VG Siddhartha in letter to board of directors and employees.