The body of CCD (Cafe Coffee Day) founder and India’s Coffee King VG Siddhartha, who has been missing since Monday, was recovered in the back waters of river Netravati, Mangaluru. The local fishermen who identified the body have informed police authorities around 6 AM in the morning. On Monday evening, VG Siddhartha reportedly dropped off his car near to Netravati river and asked his driver to leave home.
VG Siddhartha is survived by two sons and a wife, who is the elder daughter of Karnataka’s former Chief Minister and BJP leader SM Krishna. His death going to have big implications in Indian business. Coming from the family that grows coffee in Chikmagalur, Siddhartha’s expanded his business all over the country and his net worth is estimated to be Rs 8000 Cr.
A post-mortem will be conducted on Wednesday afternoon at Wentlock hospital in Mangaluru, local police said. Since Tuesday, a letter in the name of VG Siddhartha is under circulation on social media, but so far there is no confirmation his family or friends. Many business people, investors and markets leaders are shocked to learn about VG’s death and they expressed their condolences.
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