7 held for hacking accounts and stealing cash using fake SIMs

New Delhi, Jul 25: Nearly a year after Cafe Coffee Day founder V.G. Siddhartha's death, the probe committee appointed by the Board of Coffee Day Enterprises Ltd (CDEL) has given a virtual clean chit to private equity investors and the Income Tax Department who were named in his last letter.
The investigation report noted that Siddhartha may have felt "aversive behavioural stimulus" due to persistent reminders from the PE investors and other lenders.

"However, such reminders and follow-ups by the PE investors and lenders are not something which are beyond normal industry practices and we believe that PE investors were acting as per accepted legal and business norms," said that report.

It further said that the investigators were not provided with any documentary evidence to show any "advertent or inadvertent harassment" from the Income Tax Department.

It however, said that the financial records suggest a serious liquidity crunch which may have arisen due to the attachment of Mindtree shares by the IT Department.

Further, the probe revealed that MACEL, a private firm of Siddhartha, owes Rs 2,693 crore to Coffee Day Enterprises, which the report says, "needs to be addressed".

The Cafe Coffee Day founder's body was fished out of the Netravathi river in Karnataka by a group of fishermen on July 31 last year, a day after he went missing.

His last note raised several questions about the role of investors, and tax officials.

He had written: "Tremendous pressure from other lenders lead to me succumbing to the situation. There was a lot of harassment from the previous DG Income Tax in the form of attaching our shares on two separate occasions to block our Mindtree deal and then taking possession of our Coffee Day shares, although the revised returns have been filed by us. This was very unfair and has led to a serious liquidity crunch."

The massive shock to the industry and the country also led the government to assure that tax officials would not harass businessmen and the situation would improve.

Kalaburagi, Mar 14: Delivering its judgment within a period of three and half months, a court here on Friday awarded death sentence to a man, who was a convict in the rape and murder case of a minor girl.

The Second Additional District and Sessions court in Kalaburagi sentenced Yallappa to death in the matter.

"The convict, had on December 2, 2019, taken the minor victim behind an Angwanwadi centre in Yakapur village. He raped the girl, murdered her and ran away," special public prosecutor LV Chutnalakar told media.
He said that the body of the girl was recovered around 10 pm on the same night.

"The investigation in the matter was taken up after a complaint was filed by the parents of the victim. The police conducted a speedy probe and filed a chargesheet, after which the conviction and sentence were pronounced," Chutnalakar said.

Bengaluru, Feb 26: Congress leaders on Wednesday staged a protest in front of Mahatma Gandhi's statue at Vidhana Soudha here against BJP MLA Basanagouda Patil Yathnal's alleged remarks accusing freedom fighter HS Doreswamy of being a "Pakistani agent".

Former Chief Minister and senior Congress leader Siddaramaiah, KPCC working president Eashwar Khandre also joined the protest.

Yathnal on Tuesday called Doreswamy a fake freedom fighter and a Pakistani agent, while addressing the media.

His comments triggered a controversy drawing sharp remarks from Congress and other parties.

Congress has demanded an apology from Yathnal and has also urged that his Assembly membership be cancelled.

"Session proceedings will not continue until Yathnal apologises," said senior Congress leader HK Patil while addressing the protest earlier today.

Siddaramaiah asserted that making "provocative" comments against such a freedom fighter is obnoxious.

Former KPCC president Dr G Parameshwar said: "Yathnal is a criminal who had mentioned in his election affidavit that he had 27 cases against him. He has made such loose comments against the freedom fighter. He should apologise for his remarks."