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IT raids premises, offices of Cafe Coffee Day owner VG Siddhartha

News Agencies | Updated on: 21 September 2017, 12:48 IST
IT raid in premises of VG Siddhartha (ANI)

The Income Tax Department is conducting a search operation in the premises and offices of Former Karnataka Chief Minister SM Krishna's son-in-law VG Siddhartha, on 21 September.

Siddhartha is the owner of the popular cafe chain Cafe Coffee Day (CCD). Over 20 locations in Bengaluru, Mumbai, Chennai and Chikmagalur are being raided and Cafe Coffee Day's main branch in UB city.

On that note, the stock of the cafe chain corrected over five percent on the news.

-ANI

First published: 21 September 2017, 12:48 IST
Income tax department Former Karnataka Chief Minister SM Krishna Karnataka VG Siddhartha Chennai mumbai Cafe Coffee Day