Live Updates: CCD board appoints SV Ranganath as interim chairman after body of Siddhartha recovered

The body of Cafe Coffee Day founder VG Siddhartha was recovered over a day after he went missing under suspicious circumstances. It was found at around 6:30 am on the banks of Netravati River near Hoige Bazaar in Mangaluru on Wednesday morning. Siddhartha went missing mysteriously since Monday night en route to the coastal Mangaluru city in Karnataka. He was last seen near Netravati dam site. Teams of National Disaster Response Force, Coast Guard, Home Guard, fire services and coastal police were involved in massive search operation across the swollen Nethravathi river to trace the coffee tycoon.

Catch live updates here: 

3:00 pm: Siddhartha's body reaches at ABC office premises in Chikamagaluru.

2:30 pm: Share of Sical Logistics, another listed company owned by VG Siddhartha, fell 20 per cent.

1:55 pm: Next board meeting off CCD to be held on August 8th.

1:45 pm: CCD appoints SV Ranganath as interim chairman of the board and Nitin Bagmane as Interim Chief Operating Officer.

1:20 pm: Opportunistic political vultures flocking in full force totally disconnected from the emotions of family members of VG Siddhartha, tweets BJP Karnataka.

Opportunistic political vultures flocking in full force totally disconnected from the emotions of family members of #VGSiddhartha

Investigation will revile the facts behind this tragic incident.
Until then respect the sentiment of masses & display some humanity if left with any https://t.co/X37Ef71jh9

— BJP Karnataka (@BJP4Karnataka) July 31, 2019

12:10 pm: SM Krishna leaving from his house to Jakkur airbase from where he will take a chopper to Chikkamagaluru. 

#VIDEO | Former Karnataka chief minister, SM Krishna, leaves for Chikkamagaluru to attend the last rites of his son-in-law and Cafe Coffee Day founder, VG Siddhartha. The body of the 59-year-old was recovered on the banks of Netravati river today.

READ: https://t.co/h1FnFlLQCw pic.twitter.com/MA2srIzGZF

— News Nation (@NewsNationTV) July 31, 2019

11:50 am: All outlets of Cafe Coffee Day to remain shut on Wednesday across the country.

11:30 am: Rithesh, the fisherman who spotted the body of VG Siddhartha today.

Rithesh, the fisherman who spotted the body of #VGSiddhartha today in Mangaluru and informed the police: I saw a body floating while I was fishing, informed the police. I participated in the rescue operations with the district administration yesterday as well. #Karnataka pic.twitter.com/NtVZr0LXqD

— ANI (@ANI) July 31, 2019

11:00 am: Congress MP Manish Tewari has given Adjournment Motion Notice in Lok Sabha over 'Harassment  by Income Tax officials led to VG Siddhartha's death'.

10:45 am: Chief Minister BS Yediyurappa to travel to Chikkamagaluru to pay his homage to VG Siddhartha.

10:30 am: Karti Chidambaram on VG Siddhartha's death.

Forget about dealing with markets/suppliers/customers/investors/employees/stake holders. Managing the systematic harassment by the State n it’s pliant agencies is the biggest challenge. IT, ED, CBI, ROC etc are the biggest impediments for ease of business https://t.co/3KOpweDDbC

— Karti P Chidambaram (@KartiPC) July 31, 2019

10:20 am: The death of V G Siddhartha is both disturbing and mysterious, tweeted Siddaramaiah.

The letter supposed to have written by V G Siddhartha few days before his death has discussed about tax terrorism, which is an ugly face of politically motivated institutions.

What signals are we sending to the budding entrepreneurs without even an attempt to reform?
2/2

— Siddaramaiah (@siddaramaiah) July 31, 2019

9:50 am: Later, mortal remains will be taken to Chetanhalli Estate in Mudigere Taluk for last rites.

9:40 am: Mortal remains of VG Siddhartha will be kept for public viewing at ABC office in Chikamagaluru from 2 pm to 4:30 pm.

9:30 am: A thorough probe is needed, tweets Sanjay Nirpuam.

RIP VG Siddhartha
Body of owner of over 1700 CCD outlets Siddhartha is found on the bank of the river in which he jumped into.
Who should take the blame of his death ?
Modi Govt? IT officials ? Or Private Equity partners?
A thorough probe is needed.
All businessmen are not chor. pic.twitter.com/PEbW8pbEmx

— Sanjay Nirupam (@sanjaynirupam) July 31, 2019

9:20 am: Senior Congress leader Abhishek Singhvi also tweets about Siddhartha's death. 

#VGSiddharta is the man who formally made conversations over coffee a real deal among the aspirational class. RIP!

— Abhishek Singhvi (@DrAMSinghvi) July 31, 2019

9:10 am: Family members Siddhartha have reached Mangaluru. 

8:50 am: VG Siddhartha case is very unfortunate, tweets Karnataka Congress.

#VGSiddhartha case is very unfortunate.

Result of harassment by IT officials & decline of India’s entrepreneurial position turning virulent by the day, with Tax Terror & collapse of economy

Companies which flourished under UPA have been shut down with many people being jobless pic.twitter.com/rbwUymoM3B

— Karnataka Congress (@INCKarnataka) July 31, 2019

8:30 am: Siddhartha body is expected to be taken to his village Cheekanahalli near Chikkamagaluru.

8:15 am: Team of doctors reached at the Wenlock Hospital to conduct the postmortem of VG Siddhartha's body.

8:00 am: Friends and relatives have confirmed that the body is of V G Siddhartha, says Mangalore MLA U T Khader.  

7:45 am: We found the body early morning today. It needs to be identified, we have already informed the family members. We are shifting the body to Wenlock Hospital. We will continue further investigation: Mangaluru Police Commissioner Sandeep Patil 

7:30 am: Body of VG Siddhartha, famous as coffee king, was recovered after 36 hours of frantic search by the local authorities.

7:00 am: VG Siddhartha's body recovered by local fishermen.