Handover Gauri Lankesh murder case to Modi govt’s agency: BJP

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.

Bengaluru, Apr 15: The Karnataka government on Wednesday opened a critical care support unit to monitor the progress of Coronavirus patients in Intensive Care Units (ICUs) of various designated COVID hospitals across the State.

Karnataka is the first state in the country to establish a dedicated unit for critical care support, by linking ICUs of COVID hospitals onto a single platform, Medical Education Minister Sudhakar K, who inaugurated it, was quoted as saying in a statement on Wednesday.

Its objective is to monitor COVID-19 patients in ICUs across Karnataka state so that the hospitals are prepared for the potential onslaught of the virus and thereby to achieve zero COVID mortality in Karnataka, he said, adding, it would enable capturing details of ICU COVID-19 patients in real-time

Bengaluru, July 17: An infant with heart-related complications died after 10 private hospitals in the city allegedly refused to admit him over coronavirus fears.

In search of a hospital to treat his one-month-old child, the helpless father drove around for 200km in the city. The child breathes its last after suffering for 36 hours.

The infant’s health worsened around 11am on Sunday. “A doctor from a nearby clinic visited our house and said the baby had heart-related issues. As advised, we decided to shift the child to a private hospital,” the father said. The family lives in Basaveshwaranagar.

The parents went to several private hospitals, but in vain. “We visited hospitals in Bavaveshwaranagar, Chord Road, Sheshadripuram, Goraguntepalya and Yeshwanthpur. None of them agreed to treat our baby, and we returned home at night,” the father said. 

“On Monday morning, we started the journey again. This time, we went to a hospital near Jayadeva flyover. We were driving near Marathahalli when our child stopped breathing. We rushed to a nearby private hospital, where doctors declared him brought dead,” he said.