I-T raids on Cafe Coffee Day owner
22 Sept 2017 12:13 AM IST
Bengaluru: Income Tax officials on Thursday raided 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 Cafe Coffee Day (CCD) group, sources said.
Sleuths raided proprieties, including CCD's office here.
Searches are being conducted at over 20 locations across the country, including those in Bengaluru, Mumbai, Chennai and Chikkamagaluru, Income Tax department sources said.
Krishna had joined the BJP in March this year after he resigned from the Congress.
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.
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