Saturday, December 5, 2020
Home News Reports Mystery over CCD owner Siddhartha’s suicide deepens as details of alleged Hawala links with...

Mystery over CCD owner Siddhartha’s suicide deepens as details of alleged Hawala links with Congress leader DK Shivakumar emerges

The Income Tax department has also added that Siddhartha's signature in the purported suicide note does not tally with the one in the Annual Reports of the Cafe Coffee Day

Within hours after the body of Cafe Coffee Day founder, VG Siddhartha was found on the banks of the Nethravathi River in Mangaluru, shocking details are emerging concerning his alleged ‘hawala’ transactions involving Karnataka Congress strongman DK Shivakumar.

Hawala link with DK Shivakumar

According to Republic TV, sensational details have emerged related to the tax probe carried out by the Income Tax department against Siddhartha, the same investigation that VG Siddartha had dubbed as ‘harassment’ in his letter to the board dated July 27. Reportedly, the Income Tax department in New Delhi and Karnataka has made a series of disclosures over the circumstances surrounding VG Siddhartha going missing.

A Times Now report suggests that the investigation against VG Siddhartha began after the IT officials had searched properties of senior Karnataka Congress leader DK Shivakumar. The agency had carried out searches on August 2, 2017, at DK Shivakumar’s properties, with the action also including raids at DK Shivakumar’s financial assistant N Chandrashekar Sukapuri’s residence.

The Income-tax department alleged that they came across financial transaction between DK Shivkumar’s daughter and Cafe Coffee Day. Chandrashekar had admitted that Rs.20 crore was transferred to DK Shivkumar in a roundabout and concealed fashion by the CCD.

The Income Tax officials have also revealed that a person named Rajneesh Gopinath, brother of CCD Director of Finance Muneesh was found to be involved in various hawala transactions. He was allegedly involved in money laundering on behalf of CCD through Deekshith, an employee of CCD and a very close confidante of VG Siddhartha, another person Ravi and Rafi, an employee of Sharma Transport – known hawala operator and closely linked to DK Shivakumar.

Siddhartha’s signature in the letter does not tally with annual reports:

Interestingly, on Wednesday, the Income Tax officials have put out a statement saying that Siddhartha’s signature in the purported suicide note does not tally with the one in the Annual Reports of the Cafe Coffee Day raising suspicions about his death.

The Income Tax Department has also denied charges of harassment during their probe against Café Coffee Day promoter VG Siddhartha and pointed out that the signatures of the entrepreneur available with them were different from those on a letter being widely published on the social media.

Income Tax investigation against VG Siddhartha

VG Siddhartha had admitted of having an unaccounted income of Rs.362.11 crore and Rs.118.02 crore, in his hands and M/s Coffee Day Enterprises Ltd respectively in the sworn statement to the IT officials. VG Siddhartha had filed the revised return of income but had not included that undisclosed income, except the sum of around Rs.35 crore in his individual case.

As IT officials had got the information that VG Siddhartha is planning to sell his shares in Mindtree Ltd, they had swung into action finding that VG Siddhartha and M/s Coffee Day Enterprises Ltd together held nearly 21% of the shareholding in Mindtree Ltd. It was also gathered that the deal for sale of shares was set to be finalised in January 2019.

The IT Department said VG Siddhartha had fetched Rs.3,200 crore from the sale of Mindtree shares, and after paying back a loan of Rs 3,000 crore and other charges for the deal, the balance amount of Rs.46 crore was paid towards minimum alternate tax (MAT), out of total Rs 300 crore payable. The IT sleuths had also recovered numerous messages from his mobile phone that indicated his “active involvement in cross-border hawala transactions.”

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

‘King, please come back and save the country!’: Massive protests in Nepal demand the restoration of Hindu Monarchy

Hundreds and thousands of Royalists took to the streets of Nepal to demand the restoration of the Hindu Monarchy.

Rahul Gandhi tweets to fuel farmers’ protests: Here is how Congress had promised similar farm laws in 2019 election manifesto

Congress promised abolition of APMC Act and replacement of Essentials Commodities Act, 1955 in manifesto, thereby promises similar farm bills

Anil Vij tests positive for Coronavirus days after he joined third phase of vaccine trials: Here is why there is no reason to panic

As Covaxin trial is double blinded, there is 50% chance that Anil Vij got placebo in place of vaccine, and he only received one dose

TRS goes from 99 to 56 seats, BJP goes from 4 to 49: Here is why, and it is not what English media thinks

Elections to the GHMC were actually due in February of 2021 but TRS decided to pre-pone the elections by three months to gain an upper hand

NIA files chargesheet in Khalistan Liberation Front narco-terror case: Narco-terrorist Singh was using money from drug trade to strengthen KLF

Accused used to receive smuggled Heroin from Pakistan-based Jajbir Singh Samra and use proceeds to strengthen Khalistan cause

‘We will make Ravan humane, justify his abduction of Sita’: Saif Ali Khan on his role of ‘Lankesh’ in upcoming movie ‘Adipurush’

Saif Ali Khan courted another controversy recently after he revealed that the makers of his upcoming movie 'Adipurush' have decided to show 'Ravan' as humane

Recently Popular

‘We will make Ravan humane, justify his abduction of Sita’: Saif Ali Khan on his role of ‘Lankesh’ in upcoming movie ‘Adipurush’

Saif Ali Khan courted another controversy recently after he revealed that the makers of his upcoming movie 'Adipurush' have decided to show 'Ravan' as humane

How a teacher from Solapur, Ranjitsinh Disale, won the coveted Global Teacher Prize and $1 million: Here is his story

32-year-old teacher Ranjitsinh Disale won the Global Teacher prize and prize money of $1 million for his extensive work in the field of the girl child education

‘Inki aurate take-take ke bhaw bikti thi’, after justifying death threat to PM Modi, Yuvraj Singh’s father Yograj Singh humiliates Hindus

Though Yograj Singh does not explicitly mention Hindus in the videos, it is clear from the speech that it is what he meant

Ex-Indian cricketer Yuvraj Singh’s father Yograj Singh joins Farmer’s protests, justifies “Indira thok di” comment

Multiple videos of Yograj Singh, Yuvraj Singh's father, have gone viral on social media where he has been giving provocative speeches amid the ongoing farmer protests

From supporting Khalistanis to hurting religious sentiments of Sikhs: A brief intro of the new liberal favourite, Diljit Dosanjh

Singer Diljit Dosanjh has become the new blue-eyed boy of the left-liberal gang after he supported ongoing farmers protest

Watch: Angry Rajdeep Sardesai threatens to sack his staff in charge of social media for failing to link up his Instagram live

Rajdeep Sardesai had announced that he was doing a live chat on his Instagram page to discuss Hyderabad municipal election results

Indian migrants constitute the largest high-skilled diaspora in OECD countries: Reports

The OECD report further emphasised that the Indian diaspora constituted the largest high-skilled diaspora in OECD countries.

Maharashtra government confirms that Anvay Naik murdered his own mother, Arnab Goswami moves HC against charge sheet: Here are the details

Arnab Goswami has alleged that Maharashtra police filed the charge sheet by following the dictates of the state government

Assam: FIR registered against ‘Ajmal Foundation’ run by AIUDF Chief for receiving funds from foreign Islamic organisations linked to terror funding

Yesterday we reported how in a thread of Tweets LRO had accused Ajmal Foundation of receiving foreign funding to a tune of Rs 69.55 crore

Doctors advise Shiv Sena leader Sanjay Raut to talk less following angioplasty surgery

Sanjay Raut had undergone angioplasty surgery on Thursday wherein two stents were placed in his artery

Prime Minister Modi to lay the foundation stone of the new Parliament building on December 10

The construction of the new Parliament building that will commence this month, is expected to be completed in October 2022.

‘Don’t want to be controlled by high command culture from Delhi’: Aam Aadmi Party Goa founder Elvis Gomes quits

Elvis Gomes alleged that the Aam Aadmi party has lately deviated from its ideologies and has compromised on its core principles

West Bengal: Several persons injured after bombs hurled at BJP rally in West Burdwan district, BJP blames TMC for the attack

TMC denied the allegations, and said it was a staged and premeditated attack by the BJP to divert attention from 'burning' issues

Pune Mirror shuts down due to the economic crisis triggered by Coronavirus pandemic, Mumbai Mirror to relaunch as weekly

The Times Group has decided to shut down the publishing of the Pune Mirror due to the economic crisis triggered by COVID-19.

Karnataka: Journalist exposes illegal cow slaughterhouses in Hassan, Muslim mob, including several women, attack her

The woman journalist, accompanied by NGOs and police officials, visited the four illegal slaughterhouses and five cattle hoarding spots in the city.

Kerala Gold Scam: Customs Dept seeks protection from Centre for probing officers as they inch closer to ‘big names’ involved

Request for protection came as investigating team learned that probe in the Kerala Gold scam might yield some big names in Kerala Gold scam

Connect with us

245,563FansLike
493,502FollowersFollow
20,300SubscribersSubscribe