Advertisement
Saturday, Sep 25, 2021
Outlook.com
Outlook.com

IT Sleuths Raid S.M. Krishna’s Son-In-Law And Founder-Owner Of Café Coffee Day

Searches are being conducted at over 20 locations across the country, including those in Bengaluru, Mumbai, Chennai and Chikkamagaluru.

IT Sleuths Raid S.M. Krishna’s Son-In-Law And Founder-Owner Of Café Coffee Day
| File-Soumik Kar/Outlook Business
IT Sleuths Raid S.M. Krishna’s Son-In-Law And Founder-Owner Of Café Coffee Day
outlookindia.com
2017-09-21T12:58:02+05:30

Income Tax officials on Thursday raided a number of properties belonging to former Karnataka chief minister S M Krishna's son-in-law V G Siddhartha, who is also the chairman and managing director of the popular chain- Cafe Coffee Day (CCD) group.

Sleuths raided proprieties, including CCD's office in Bengaluru. Searches are being conducted at over 20 locations across the country, including those in Bengaluru, Mumbai, Chennai and Chikkamagaluru, Income Tax department sources told PTI.

Senior officials, an assistant commissioner is said to be involved in the inspections that is being carried out in various locations of Chikkamagalur district, reported Times of India. In Chennai too, Sical Logistics Private Ltd, a company belonging to the family is being searched.

Seasoned politician Krishna had joined the BJP in March this year after he resigned from the Congress. His son-in-law, Siddhartha is the founder-owner of CCD, a chain of coffee outlets in India, and has been its chairman and managing director since January 17, 2015. The company sources coffee beans from its plantations in Chikkamagaluru.

He is also an investor and has stakes in some IT firms, including Mindtree, and is among the largest exporters of coffee bean in the country.  

With Agency Inputs

Advertisement

Outlook Newsletters

Advertisement

Read More from Outlook

The Password Is Cheat: Tech-Savvy Scamsters Take Control Of Online Entrance Exams

The Password Is Cheat: Tech-Savvy Scamsters Take Control Of Online Entrance Exams

Prestigious tests like JEE and NEET have been breached. A few lakh of rupees can get you an engineering or a medical seat.

Can The Govt Convince Moody’s To Upgrade India’s Sovereign Ratings?

Can The Govt Convince Moody’s To Upgrade India’s Sovereign Ratings?

While cutting India’s rating, Moody’s had cited policy challenges in addressing a prolonged economic slowdown and its deteriorating fiscal position.

IPL 2021: Chennai Beat Bengaluru By 6 Wickets; Reclaim Top Spot

IPL 2021: Chennai Beat Bengaluru By 6 Wickets; Reclaim Top Spot

Clinincal CSK chased down RCB's 156/6 with 11 balls to spare in Sharjah.

Hathras: A Poet's Note On A Post-Truth World

Hathras: A Poet's Note On A Post-Truth World

It disturbing but it is important to remember that violence repeats itself in the same ways. Meena Kandasamy's poem is a poem that is invested in the social.

Advertisement