Rs 650-cr unaccounted assets unearthed during I-T raids on Siddhartha?

News Network
September 25, 2017

Bengaluru, Sept 25: Income Tax sleuths, searching former chief minister S M Krishna’s son-in-law V G Siddharth’s house and business establishments in Bengaluru and elsewhere in the state and country, have reportedly unearthed Rs 650 crore worth of unaccounted assets. 

Siddharth is the chairman and managing director of Coffee Day Enterprises Ltd and also has other business interests in financial services (way2wealth) and luxury resorts. I-T sleuths raided his house and other firms on September 21 in Bengaluru, Hassan and Chikkamagaluru in Karnataka, Chennai and Mumbai. the searches ended on Sunday.

“The searches involving coffee, tourism, information technology and other areas concluded with an unearthing of Rs 650-crore assets. The detection of undisclosed income is expected to be a much higher figure,” stated a senior I-T officer.

There are a number of other issues, including violations of other statutes, on which there is no disclosure, but relevant evidence has been found. These will be pursued, an official stated.

Locations searched in Bengaluru included the group’s head office at UB City on Vittal Mallya Road, Siddharth’s house in Sadashivanagar, and his establishments at Rajarajeshwari Nagar and Bagmane Tech Park in C V Raman Nagar. The sleuths seized documents from the office of Coffee Day Global on K M Road in Chikkamagaluru, ABC Coffee Curing, on Belur Road, two estates in Mudigere taluk, a residential school in Chikkamagaluru, and the Serai resorts.

Siddharth, who hails from a family that owns coffee plantations spread over 10,000 acres in Chikkamagaluru, is the founder-owner of the Cafe Coffee Day chain, India’s largest coffee retail chain.

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News Network
November 22,2025

The Karnataka government has announced a 50% rebate on pending traffic and transport fines. The discount is available from November 21 to December 12.

The rebate applies to all traffic e-challans and violation cases booked by the RTO between 1991–92 and 2019–20. Officials clarified that the offer is not applicable to pending tax dues and is restricted only to traffic-violation fines.

Across Karnataka, more than 4 lakh RTO cases remain pending, including those involving transport vehicles. While thousands of vehicle owners have already cleared their dues, the department expects to generate substantial revenue through this limited-period rebate.

How to Pay and Avail the Discount

There are three ways to check and pay your pending fines:

1. Through Mobile Apps
Available on both Play Store and App Store:
•    Karnataka State Police (KSP) app
•    KarnatakaOne app
•    ASTraM app

Steps:
•    Enter your vehicle number in any of the above apps
•    Verify the photo/details of your vehicle
•    Pay the fine with the 50% discount applied

2. Visit a Traffic Police Station

You can pay your pending fine at any nearby traffic police station.

3. Visit the Traffic Management Centre (TMC)

•    Location: First Floor, Infantry Road, near Indian Express, Bengaluru

Transport Commissioner Yogeesh A M said, “We don't issue e-challans, so there's no online payment system.”

The department estimates ₹52 crore in pending RTO fines up to March 2020. “With the 50% rebate, we expect to collect around ₹25 crore if all dues are cleared,” he added.

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News Network
November 29,2025

DKSsiddu.jpg

New Delhi: Karnataka chief minister Siddaramaiah and deputy CM DK Shivakumar on Saturday put up a dramatic display of unity at a closely watched joint press briefing, firmly dismissing weeks of speculation about a power-sharing tussle within the Congress. With the high command nudging both leaders to sit together and settle the dust, the meeting became a political spectacle, ending with the duo declaring that there was “no confusion, no differences.”

Calling the reports of a rift “manufactured confusion,” Siddaramaiah said the talks had gone smoothly, even joking about their breakfast. “Breakfast was very good. All three of us enjoyed it,” he said. “We want to end this confusion once and for all. For local elections and for 2028, our mission is clear — Congress must return to power. There is no difference between me and DKS, not now, not before.”

He blamed the media for fuelling rumours and reiterated absolute adherence to the party leadership. “From tomorrow, let there be no confusion. What the high command says, we will follow.”

Siddaramaiah also assured that the Assembly session starting December 8 would run smoothly and vowed that Congress would take on the BJP and JD(S) “together.”

Shivakumar echoed the chief minister word for word, stressing loyalty and discipline. “People have given us a massive mandate. It is our duty to deliver,” he said. “This government was formed under Siddaramaiah’s leadership. We both have complete trust in the high command. If they tell me to wait, I will wait.”

He added that the two leaders had discussed strategy for the 2028 Assembly elections. “Whatever the CM says, I agree. We are loyal soldiers of the party. The party may be facing challenges nationally, but we will keep it strong in Karnataka.”

Shivakumar also said Siddaramaiah would soon visit his home for lunch or dinner — another symbolic gesture meant to underline their unity.

Both leaders later posted on social media describing the breakfast meeting as “productive” and focused on “Karnataka’s priorities.”

The BJP, however, rejected the show of camaraderie as “pure bunkum,” accusing Congress of trying to paper over an internal power struggle. But Siddaramaiah and Shivakumar insisted their united front would continue — and that there was “no confusion” within the state leadership.

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News Network
December 4,2025

Udupi: A 40-year-old NRI from Udupi has reportedly lost more than Rs 12.25 lakh in an online investment scam operated through Telegram.

According to a complaint filed at the CEN police station, Leo Jerome Mendonsa, who has been working in Dubai for the past 15 years in computer accessories sales, maintains NRI accounts in Karkala and Nitte.

On November 12, 2025, Mendonsa was added to a Telegram group called Instaflow Earnings by unknown individuals. Users identified as Priya and Dipannita persuaded him to invest in “Revenue Tasks.” Initially, Mendonsa transferred Rs 1,100 multiple times and received the promised returns, encouraging him to continue.

On November 14, another user, Nishmitha Shetty, directed him to register on a website, digitvisionuoce.cc, and invest Rs 4 lakh in various shares. Over the next few days, he made multiple transfers totaling Rs 12,25,000, including Rs 50,000 via Google Pay, believing the scheme was legitimate.

After receiving the money, the alleged handlers stopped responding, and neither the invested amount nor the promised profits were returned.

The CEN police have registered a case under Sections 66(C) and 66(D) of the IT Act and Section 318(4) of the Bharatiya Nyaya Sanhita (BNS), and investigations are ongoing.

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