The body of VG Siddhartha, the founder-owner of Cafe Coffee Day, was found on the banks of the Netravati river near Mangaluru at 4.30 am Wednesday. His family has confirmed his identity and the cremation is likely to be held today.
Siddhartha, the son-in-law of former Karnataka chief minister SM Krishna, was first reported missing on Monday evening by his driver, who was the last to see him. He had instructed his driver to drop him off at a bridge over the river en route Sakleshpur near Hassan.
The body, which had washed ashore near Ullal this morning, was discovered by fishermen, following which police reached the spot, news agency PTI reported. His body has been kept at Wenlock Hospital in Mangaluru, from where it will be taken to Chettanahalli estate near Mudigere.
The police had launched a massive search operation Tuesday with teams of National Disaster Response Force (NDRF), Coast Guard, Home Guard, fire services and coastal police scouring the swollen Nethravathi river.
Hours before his disappearance, Siddhartha had called his personal staff at the Cafe Coffee Day head office in Bengaluru and informed them about a letter to be disseminated. The purported letter referred to the “tremendous pressure” he was under from lenders and “harassment” from Income Tax officials. And that he was “very sorry to let down all the people that put their trust in me”.