VG Siddhartha, the owner of the Cafe Coffee Day venture and the son-in-law of SM Krishna, former chief minister of Karnataka has been missing since Monday. According to sources, he was on his way to Mangaluru in coastal Karnataka and his phone has been switched off.
According to a senior BJP leader in Karnataka, Siddhartha reportedly asked his driver to stop the car close to the Netravathi bridge at a place called Jeppina Mogaru near Mangaluru and got off the vehicle. He was speaking over the phone at this point in time.
When Siddhartha did not return even after half an hour, the driver called his phone and found it switched off. He informed Siddhartha’s family and the police was contacted to search for the businessman. The search was on in and around Mangaluru around Netravati river late into the night.
According to News9, former minister UT Khader’s brother visited the spot from where Siddhartha went missing. The search operations have started again in the morning after dawn including deployment of boats. The district collector of Dakshina Kannada has been supervising the search effort.
In Bengaluru, chief minister BS Yediyurappa, former minister DK Shivakumar visited SM Krishna’s residence.
This year, Siddhartha was in the news in the pink papers and the business channels for his decision to sell his 20 per cent stake in Mindtree to Larsen & Toubro. This was triggered, according to Live Mint, by a liquidity squeeze because of defaults in payments by ILFS last August.
In September 2017, 20 locations related to his business interests were raided by Income Tax officials. Siddhartha is the son of a coffee estate owner and according to Forbes magazine, is considered worth over a billion dollars and his CCD has over 1500 stories across the globe.