Mangaluru : CCD founder-owner VG Siddhartha’s body has been found on the banks of Netravathi River near Hoige Bazaar in Mangaluru, who went missing since Monday night.
The 58-year-old businessman is the son-in-law of former Karnataka Chief Minister SM Krishna. A massive search operation involving multiple teams of police forces along with the Coast Guard and NDRF was being carried out since Tuesday to locate Siddhartha. Police had also deployed the dogs squads and inflatable boats in the search operation and roped in local fishermen to search the river.
A letter written by Siddhartha also surfaced on Tuesday in which he apologised to people who “put their trust” in him and said he failed to create the right profitable business model despite his best efforts.
“Tremendous pressure from other lenders led to me succumbing to the situation,” he wrote.
Siddhartha also alleged that he was being harassed by the previous Directorate General, Income Tax which led to him facing a “liquidity crunch”.