Krishna’s continued association with Cong led to I-T raids on Siddhartha’s firm?

coastaldigest.com news network
September 21, 2017

Bengaluru: Less than two months after the Income Tax department’s marathon raids on the premises of Congress leader D K Shivakumar, another tycoon from Karnataka has fallen prey to the central government’s powerful agency.

Non-NDA political parties often accuse Prime Minister Narendra Modi-led government of using I-T department and Central Bureau of Investigation for political vendetta. Interestingly, this time the “victim” of I-T raid is the son-in-law of an 85-year-old BJP leader who had recently quit Congress and openly praised Modi and his policies.

Rumours were rife that S M Krshina had to jump the ship and join BJP earlier this year just to save his tycoon son-in-law V G Siddhartha from a positional I-T raid.

However, BJP supremo was not happy with Krishna’s continued association with the Congress leaders even after formally joining the saffron party. Besides, recent bypolls in Karnataka had drastically lowered the BJP’s exceptions on this Vokkaliga stalwart.

If sources are to be believed, Krishna’s lack of enthusiasm in strengthening the BJP in Karnataka ahead of next assembly polls and star-turned-Congress leader Ramya’s penchant for criticizing Modi government’s policies also had irked Amit Shah. On the other hand, Siddhartha had continued to maintain his apolitical image.

Who is Siddhartha?

57-year-old Siddhartha, who hails from Chikkamagaluru, founded the Amalgamated Bean Coffee Trading Company in 1993, which was later renamed Coffee Day Enterprises Ltd. The chain, which operates over 1600 cafes was first started in 1996 with single outlet in Bengaluru.

Siddhartha comes from a coffee plantation owning family, and has multiple business interests in industries such as furniture, real estate, investment consulting, agri exports and logistics. He is known to be a serial investor, and has diversified Coffee Day Enterprises portfolio through holdings in Mindtree Consulting and many other companies. Krishna had reportedly played a key role in Siddhartha’s sudden growth.

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January 23,2026

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Prime Minister Narendra Modi, during his visit to Thiruvananthapuram on Friday, January 23, indicated that the Bharatiya Janata Party (BJP) is aiming to expand its political footprint in Kerala ahead of the Assembly elections scheduled in the coming months.

Speaking at a BJP-organised public meeting, Modi drew parallels between the party’s early electoral gains in Gujarat and its recent victory in the Thiruvananthapuram Municipal Corporation. The civic body win, which ended decades of Left control, was cited by the Prime Minister as a possible starting point for the party’s broader ambitions in the state.

Recalling BJP’s political trajectory in Gujarat, Modi said the party was largely insignificant before 1987 and received little media attention. He pointed out that the BJP’s first major breakthrough came with its victory in the Ahmedabad Municipal Corporation that year.

“Just as our journey in Gujarat began with one city, Kerala’s journey has also started with a single city,” Modi said, suggesting that the party’s municipal-level success could translate into wider electoral acceptance.

The Prime Minister alleged that successive governments led by the Left Democratic Front (LDF) and the United Democratic Front (UDF) had failed to adequately develop Thiruvananthapuram. He accused both fronts of corruption and neglect, claiming that basic infrastructure and facilities were denied to the capital city for decades.

According to Modi, the BJP’s control of the civic body represents a shift driven by public dissatisfaction with the existing political alternatives. He asserted that the BJP administration in Thiruvananthapuram had begun working towards development, though no specific details or timelines were outlined.

Addressing the gathering at Putharikandam Maidan, Modi said the BJP intended to project Thiruvananthapuram as a “model city,” reiterating his party’s commitment to governance-led change.

The Prime Minister’s visit to Kerala also included the inauguration of several development projects and the flagging off of new train services, as the BJP intensifies its political outreach in the poll-bound state.

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coastaldigest.com news network
January 19,2026

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Mangaluru: The Phase I project of Badria Vision 2028 was formally launched at a ceremony held at the Badria Campus on January 17, marking an important step in the institution’s long-term development roadmap.

The programme was attended by P.B. Abdul Hameed, Secretary of the MEA, and P.C. Hasir, Correspondent of the MEA, who presided over the event and underscored the institution’s commitment to growth and academic excellence.

Office-bearers of the Badria Alumni Association were present in large numbers, including A.K. Sajid (President), Shamsuddin and S.M. Farooq (Vice-Presidents), Shaheed (General Secretary), and Khaleel (Treasurer), reflecting strong alumni engagement in the initiative.

The gathering was blessed by Sayyid Shamsuddeen Basith Thangal Kukkaje, Qateeb of Zeenat Yatheem Bakshi, who led a special dua seeking divine guidance and success for the project.

The ceremony also witnessed the participation of prominent alumnus and local corporate professional Abdul Latheef, along with alumni members Naushad, Kalandar, Safwan, members of the core committee, and several other former students.

A key moment of the event was the formal handover of a cheque to Ameen Woodland Architect, signalling the immediate commencement of construction work under Phase I of the project.

Organisers said the launch of Phase I reflects a shared vision, institutional unity, and collective resolve to realise the objectives of Badria Vision 2028.

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January 28,2026

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Mumbai: The sudden death of Maharashtra Deputy Chief Minister Ajit Pawar in a plane crash in his hometown of Baramati has plunged the state into political uncertainty, raising a pressing question for both the Nationalist Congress Party (NCP) and its rival faction, the Nationalist Congress Party (Sharadchandra Pawar): what next?

For the two factions that emerged after the dramatic split of June–July 2023, the moment marks their gravest challenge yet. Many believe the answer now rests with party founder Sharad Pawar.

Sharad Pawar, who founded the NCP in 1999 after parting ways with the Congress over Sonia Gandhi’s foreign origin, has already indicated his intention to step away from electoral politics once his Rajya Sabha term ends in April 2026.

Speaking at a public event in Baramati ahead of his 85th birthday on December 12, 2025, Pawar said he would not contest any further elections. “I have contested 14 elections. The younger generation needs to be given an opportunity,” he said, adding that he would decide later whether to seek another Rajya Sabha term.

Often described as the Bhishma Pitamah of Indian politics, Pawar also spoke of his gradual withdrawal from active leadership. “For the first 30 years, I handled everything. For the next 25–30 years, Ajit Dada handled responsibilities. Now, arrangements must be made for new leadership,” he said.

Ajit Pawar’s death has dramatically altered that transition, especially as he was working towards reunifying the two NCP factions.

“After the developments of June–July 2023 and the 2024 Lok Sabha and Vidhan Sabha elections, there were deep changes within the family and the party. In the last six months, serious efforts were made to reunite. Even workers from both sides wanted unity. This is a massive blow,” a Pawar family insider told DH over phone from Baramati.

Electoral outcomes over the past year reflected the split. In the 2024 Lok Sabha elections, NCP (SP) recorded the best strike rate in Maharashtra, winning eight of the 10 seats it contested. The NCP, by contrast, won just one seat out of four.

However, the trend reversed in the subsequent Vidhan Sabha elections, where the NCP emerged stronger, securing 41 of the 288 seats, while NCP (SP) managed only 10.

Within NCP (SP), Sharad Pawar’s daughter Supriya Sule serves as Working President, followed by leaders such as Rohit Pawar, state president Shashikant Shinde and former state chief Jayant Patil.

In the NCP, Praful Patel is the Working President and Raigad MP Sunil Tatkare heads the state unit. Ajit Pawar’s wife, Sunetra Pawar, is a Rajya Sabha MP, while their sons Parth and Jay are not actively involved in day-to-day politics. Parth Pawar briefly entered electoral politics in 2019 but lost the Lok Sabha election from Maval. Jay Pawar’s political debut was under consideration.

With Ajit Pawar gone, speculation has intensified that a member of the family may be asked to assume a larger role. For now, Sunetra Pawar is expected to play a key coordinating role in party affairs, alongside Patel and Tatkare.

The NCP continues to have several heavyweight leaders, including Chhagan Bhujbal, Hasan Mushrif, Dattatreya Bharne, Manikrao Kokate and Dhananjay Munde.

Ajit Pawar had already begun steps towards reconciliation between the two factions. While they contested the Pune and Pimpri-Chinchwad municipal elections separately, they later decided to fight the zilla parishad elections together under the ‘clock’ symbol—seen as the first formal step towards reunification.

Nagpur meet and party roadmap

Both NCP factions claim adherence to the ideology of ‘Shiv–Shahu–Phule–Ambedkar’. At the Rashtravadi Chintan Shivir held in Nagpur on September 19, 2025, the NCP reaffirmed its commitment to sarva dharma sambhav and discussed strengthening ties with the BJP “for the welfare and development of Maharashtra”.

In recent days, reports had suggested Ajit Pawar might return to the Maha Vikas Aghadi following the party’s poor performance in Pune municipal elections, but these claims were denied.

Big question for Maha Yuti

Ajit Pawar’s death also presents an immediate challenge for the Devendra Fadnavis-led Maha Yuti government. Pawar held crucial portfolios, including Finance, Planning and Excise. With the Budget Session approaching, appointing a new Finance Minister has become urgent.

Beyond numbers and portfolios, Maha Yuti has lost a swift decision-maker known for his administrative grip and political finesse—leaving a vacuum that will not be easy to fill.

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