Coffee Day Enterprises appoints S V Ranganath as interim Chairman after Siddhartha's death

Agencies
July 31, 2019

Mumbai, Jul 31: Coffee Day Enterprises on Wednesday appointed S V Ranganath as the interim Chairman of its board after the body of founder-owner V G Siddhartha was found on the banks of Netravati river in Mangaluru.

The board also appointed Nitin Bagmane as the interim Chief Operating Officer. It constituted a three-member executive committee comprising of Ranganath, Bagmane and Chief Financial Officer R Ram Mohan to exercise the powers previously vested with the CEO.

Further, taking cognizance of the statements in the purported letter from Siddhartha relating to financial transactions outside the knowledge of the senior management, auditors and board, the board of directors resolved to thoroughly investigate the matter.

"While the authenticity of the letter is unverified and it is unclear whether these statements pertain to the company or personal holdings of VG Siddhartha, the board took serious note of the same and resolved to thoroughly investigate the matter," it said in a statement.

"The board remains deeply committed to safeguarding the interests of all stakeholders including investors, lenders, employees and customers." 
The board said the audit committee and the executive committee will engage in discussions with the statutory auditors of the company to recommend appropriate next steps at the board meeting on August 8.

The board appointed Cyril Amarchand Mangaldas as its legal counsel to advise on foregoing and related matters.

Following a massive search operation involving multiple agencies, the body of Siddhartha was found on the banks of Netravati River near Hoige Bazaar in Mangaluru. The 58-year-old businessman, son-in-law of former Karnataka Chief Minister S M Krishna, was missing since Monday evening.

"The board noted with profound regrets the tragic demise of Siddhartha and his matchless energy, vision and business acumen which helped to single-handedly build the company," said the statement.

The board expressed its condolences to Siddhartha's family and resolved to lend its support and expressed full confidence in the company's management team.

"The board also took note of a message from Malavika Hegde expressing support and trust in the company's professional team and the common effort to look after the interest of the employees and all other stakeholders," said the statement.

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coastaldigest.com news network
February 3,2020

Dammam, Feb 3: Harish Bangera, 32, who was arrested in Kingdom of Saudi Arabia more than a month ago after offensive Facebook post went viral, has remained incommunicado.

Bangera, who hails from Goyadibettu in Bijadi village of Kundapur taluk, Udupi district, was an air-conditioning technician for a company in Dammam, capital of Saudi's eastern province.

He was arrested on December 20, 2019 after he posted derogatory messages on Facebook against crown prince Mohammad bin Salman and went on to claim that a Ram temple will be built in the holy city of Makkah too just like in Ayodhya where the Babri mosque was demolished.

Fearing legal action, he later posted a video pleading for forgiveness. “I have committed a mistake. Please forgive me. I will never upload any such posts again," he is seen saying in the video.

After his arrest, his roommate, who happens to be a Pakistani, has reportedly made several attempt to contact him, but in vain. He also has approached many Indian and Saudi authorities in his bid to get Bangera out of prison, sources said.

The Saudi authorities have not even responded to the messages of Indian Ministry of External Affairs. "We've made many efforts to contact the Saudi authorities but they haven't responded,” MEA sources said.

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fairman
 - 
Monday, 3 Feb 2020

There can be many such people in the Kingdom. 

 

They should be identified and treated in the same way.

These are real terrorists, keep him few years in jail,  they should not be let free. Otherwise they will forget and commit again.

May God help us.

 

 

Suresh SS
 - 
Monday, 3 Feb 2020

Well done Saudi Authorities, this kind of mentality should be eleminated even any whare in any country we have many BJP dogs barking nonsence always all should be eleminated.

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News Network
April 14,2020

Bengaluru, Apr 14: 11 more COVID-19 cases have been reported in Karnataka since 5 pm Monday, informed the state government on Tuesday.

The total number of coronavirus positive cases in the state now stand at 258, including 9 deaths and 65 discharged.

To check the spread of the highly contagious coronavirus, the 21-day lockdown announced last month has been extended by the Centre till May 3.

Meanwhile, India's total number of coronavirus positive cases has climbed to 10,363 including 8,988 active cases, 1,035 cured/discharged/migrated and 339 deaths, the Ministry of Health and Family Welfare said today.

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coastaldigest.com news network
June 21,2020

Bengaluru, Jun 21: As many as 453 new coronavirus cases were confirmed on Sunday including 196 in Bengaluru alone, taking the total number of infections in Karnataka to 9,150, the Health Department said.

Five more deaths took the toll due to COVID-19 in the state to 137, a bulletin issued by the department said.

An assistant sub-inspector posted in a traffic police station died due to coronavirus on Saturday night taking the number of policemen succumbing to the contagion to three, police said.

The entire police station has been sealed for sanitisation and 25 people including five primary contacts of the deceased have been quarantined at the designated hospitals.

The total number of COVID-19 cases include 5,618 discharges, 3,391 active cases, 137 deaths, four deaths due to non-COVID causes and 77 patients admitted in Intensive Care Units.

The 196 cases confirmed in Bengaluru today is the highest single-day spike ever since the outbreak of the pandemic.

With 64 deaths so far, the city's share in the total fatalities in the state due to COVID is 47 per cent.

The five deaths reported on Sunday included three in Bengaluru.

"Yes. It is a major single day spike in Bengaluru," a health department official told P T I.

Of the total cases reported in Bengaluru, 101 are Influenza-Like Illness (ILI) and 68 are those whose contact tracing is underway.

Apart from 196 in Bengaluru, 40 cases were reported in Ballari, 39 cases each in Kalaburagi and Vijayapura, 18 each in Mysuru and Gadag, 15 in Dharwad, 14 in Bagalkote, 13 in Bidar, eight each in Davangere, Uttara Kannada and Kolar.

The five deaths reported on Sunday consisted of four men and a woman.

In view of the rising cases in Bengaluru, the Chief Secretary on Saturday formed three teams.

According to an order, Principal Secretary in Cooperative department Tushar Girinath will head the team that will ensure shifting the patients from their houses or the institutional quarantine facilities to the designated hospital.

The second team headed by the Karnataka Public Service Commission secretary G Sathyavathi will monitor the containment zone and carry out extensive surveys of people with COVID-19.

The third team is headed by Karnataka State Mineral Development Corporation managing director Naveen Raj Singh and Additional Commissioner of police Hemant Nimbalkar who will ensure social distancing at public places.

These three teams will have senior bureaucrats and top police officers as members.

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