Bengaluru: The Income Tax (IT) department, which carried out raids on the son-in-law of former Karnataka chief minister SM Krishna, found Rs 650 crore undisclosed income linked to Siddhartha. VG Siddhartha, who is also founder-owner of Café Coffee Day (CCD), the country’s largest coffee retail chain.
According to IT dept. “documents seized from the search operations at 25 places of CCD and its group companies in Karnataka, Mumbai and Chennai have revealed concealed income of over Rs 650 crore”.
The search and seize operations, which began on September 21, concluded on Sunday evening in the offices of the group involved in coffee, tourism, IT and other areas, according to reports.
Krishna recently joined the BJP. He was with the Congress for decades, during which he served as Karnataka chief minister and minister of External Affairs. He was also appointed Governor of Maharashtra.