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CCD founder V G Siddhartha missing since Monday, massive search on

Siddhartha's purported last letter alleges I-T harassment, pressure from PEs

V G Siddhartha

In his letter, Siddhartha had alleged that the company had faced a lot of harassment from the previous director general (DG) of income tax

Debasis MohapatraBibhu Ranjan Mishra Bengaluru
V G Siddhartha, the founder of India’s largest coffee chain, Café Coffee Day (CCD), went missing on Monday night en route to the coastal Karnataka city of Mangaluru, with a letter purportedly written by him showing he was under “tremendous pressure” from lenders and one of the private equity partners (PEs). The letter also alleged “a lot of harassment” from the tax authorities.

 A massive search operation involving teams of the National Disaster Response Force (NDRF), Coast Guard, Home Guard, fire services and coastal police continued throughout Tuesday, but didn’t yield any result. Search teams scoured the waters under a bridge

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First Published: Jul 30 2019 | 10:18 PM IST

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