V G Siddhartha, the founder of Coffee chain Cafe Coffee Day who also owns Asia’s single-largest coffee estate, is reportedly missing since Monday evening. His phone has been switched off since Monday night.
He is the son-in-law of veteran BJP leader SM Krishna.
According to news reports, the 58-year-old entrepreneur had gone to Chikkamagalur on a business trip on Monday. He was scheduled to travel to Kerala from Chikmagalur, report said. However, he asked his driver to stop his car at National Highway in Jeppina Mogaru near Mangaluru and got down from the vehicle.
According to television reports, around 9 pm on Monday, Siddhartha got off from his car near the Ullal bridge across the Nethravathi River near Mangalore, about 375 km from Bengaluru, and is suspected to have jumped off the bridge.
The Mangalaru City Police got a report that someone had jumped off the Ullal bridge and according to statements from people, it is suspected to be Siddhartha, said media reports.
Siddhartha was in the news recently for having sold his 21 percent stake in the Bengaluru-based IT firm, Mindtree to Larsen and Toubro. According to a CNBC-TV18 report, Siddhartha has invested Rs 340 crore for stakes in Mindtree since 1999. After selling his 20.4 percent stake to L&T, he pocketed a massive profit of nearly Rs 3,000 crore after 20 years.
