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Thursday, August 1, 2019

Thousands turn up to bid adieu as Coffee King VG Siddhartha laid to rest

Death
The crowd was largely dominated by the presence of coffee plantation workers, who had turned-up from Chikkamaglur, Kodagu, Hassan and Dakshina Kannada district.
By Mohan K and Nagaraj As the sun set on Wednesday, the funeral pyre of VG Siddhartha was lit by his emotionally overwhelmed eldest son Amartya Hegde, even as the late Siddhartha’s mother Vasanthi Hegde, wife Malavika Hegde and son Ishaan were seen consoling one another. A person close to the family confided that the information about Siddhartha’s death has been withheld from his father Gangaiah Hegde, the 95-year old who has been in coma at a private hospital at Mysuru. “In fact, recently prior to meeting his family he had visited his father at the hospital to check on his health, Siddhartha had made some routine inquiry and did not seem to be in distress,” he said.    At least 10,000 people were seen around the family’s Chattanahalli estate at Cheekanahalli village in Mudigere taluk. Political representatives including Karnataka Chief Minister BS Yediyurappa, former CM HD Kumaraswamy; legislators including CT Ravi, UT Khader, MB Patil and local elected representatives were present in Chikkamagaluru to pay their respects. Across several parts at Kandya Hobli, Balehonnur, Cheekenahalli, Kottigehara in Chikkamagluru district, several private establishments had declared holiday on Wednesday.  “The moment the mortuary convoy along with the police escort entered Mudigeri taluk; people thronged towards it, children, workers, young, landlords, old almost everyone had filled the streets to catch the final glimpse of the man who had turned-around their fortune, especially the coffee plantation workers and the landowners who were thankful to him for streamlining the local produces and taking it to the global market” Murlidhar, Secretary of Karnataka Growers Federation said. While initially the body that was escorted from Mangaluru was brought to Amalgamated Bean Company (ABC) facility at Chikkamagluru for public viewing, it was later taken to the families private at Chattanahalli estate in Cheekanahalli village for final rites. Murlidhar observed that the major part of the event was observed 'silently' by the crowd befit as a tribute to the sober and humble nature of the Siddharatha, occasionally to be broken by the chants of ‘Long live Siddhartha’ by the crowd. Largely dominated by the presence of coffee plantation workers, who had turned-up from Chikkamagluru, Kodagu, Hassan, Dakshina Kannada district, people were seen mourning the loss of VG Siddhartha, the founder proprietor of CafĂ© Coffee Day. Vinay, one of the managers, who had worked for over 20-years at the ABC’s Coffee curing unit in Hassan, recounted the sober and ground-to-earth persona of Siddhartha. “He knew most of the workers personally, he would just walk up to them for conversation and talk about the need to sustain environment in the district,” he said. A holder of a Masters of Degree in Economics from Mangalore University, Siddhartha had not only worked at international financial firms, but went on trading in the stock market. He eventually took over the licence of stock-broker Sivan Securities in 1984, which was renamed as Way2Wealth Investments Consultancy Firm in 1999. Vinay says that Siddhartha very much reflected conservative ideas of his father Gangaiah, when it came to doing business. However, Siddhartha was enterprising in his own way. “Since he had a broad access to education and work experience, he wanted to explore on how local employment and opportunities can be created from the plantation in both financial and environmentally sustainable manner,” he said. This aspiration eventually turned into the setting-up of ABC in 1993, that procured coffee beans from its over 12,000 acres of coffee plantation and delivered the coffee and allied products to domestic and international markets, Vinay said. Content provided by Story Infinity, Subs and Scribes Media LLP  
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10 years of BQFF: How Bengaluru’s queer film festival has grown

LGBTQ+
TNM spoke to three of BQFF’s co-directors to understand how the festival was created, its growing popularity and the ever-evolving slate of films.
Roshan Shakeel
A few mattresses, a handful of friends and a day of movies that celebrated queer culture. That simple gathering back in 2009 was the start of what would become the Bangalore Queer Film Festival. Now celebrating its 10th anniversary, the festival has grown into a four-day affair from August 1 to August 4. TNM spoke to three of BQFF’s co-directors to understand how the festival was created, its growing popularity and the ever-evolving slate of films. A rise from early days Back in 2009, Pedestrian Pictures, Swabhavan’s Vinay Chandran and a host of others started a film festival called ‘Bangalored’ at Attakkalari studios in Wilson Garden.  It was only three or four years later that the event was given its current name — the Bangalore Queer Film Festival. Joshua Muyiwa, a co-director who has been involved with the festival from its first year, said they never planned for BQFF to grow the way it did. As more and more films were submitted, the festival grew organically to two, three and now four days to showcase filmmakers and their movies portraying the queer community.  “What started out as a very small event and became a very anticipated event,” said Rovan Varghese, a co-director who started working with BQFF around eight or nine years ago.  And in honour of the festival’s home in Bengaluru, organisers ensure they have at least one filmmaker from the city whose work is highlighted at the festival. This year’s Bengaluru-based creators include Christy Raj whose short film Our Stories Our Journeys will be screened on Friday, August 2 and Mujeer Pasha and Veena Kulkarni whose film Mud Mud Ke Na Dekh will be shown on Sunday, August 4.  The films When BQFF first began it was just one day and mostly focussed on international films since they were just easier to access. “Initially, the movies we got were very West-leaning,” Joshua said. The festival has continued to evolve (though the signature mattresses stayed) and the number of film submissions grew. This year, after hundreds of films were sent in, the selection has been narrowed down to 73 feature films, shorts and documentaries from 27 countries from diverse group of filmmakers that includes queer and transgender persons who are getting behind the camera to offer a textured reading of their own lives. What’s more, it’s not just films from the West anymore. “Over the past five years, what we’ve seen ourselves is a lot more fiction films coming from India,” said Joshua.  And it’s not just the festival that’s evolved, but the films too. “BQFF has always tried to push the envelope,” Rovan said. Organisers tend to look for experimental films and make an effort to seek out new filmmakers. During this year’s festival, a series called ‘Engaging with Sexualities,’ presented by Public Service Broadcasting Trust, will feature short documentaries from early-career or first-time filmmakers.  Joshua notes that the films themselves have grown up along with the festival. The filmmakers this year tell their stories without being “pedantic or preachy or telling you how to live your queer life,” Joshua said. Rather, there’s nuance in these narratives that are more reflective of people’s lives. “We can be bad people, we can be good people, we can break up, we can be in love,” Joshua said. “It’s much more visceral to my experience.” The BQFF community Over the last 10 years, BQFF has offered a welcome space for people from all walks of life as it has turned into one of the largest queer film festivals in south India — from regulars who eagerly await the festival’s arrival every year (this year, it was pushed from its usual February slot to July) to new attendees who hear about BQFF and its growing popularity.  “There are definitely lots of people who come back every year,” said Nadika N, who has been part of the organising team since 2016.” “The festival is not just for queer people. It’s for film lovers.”  Rovan adds, “The reason it has successfully been a decade is because of the love that the community brings,” he said.  For the BQFF schedule, click here. 
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VG Siddhartha death: Police say he was riddled with a large debt

"Coffee Day itself was in debt of around Rs 7,000 crore. In addition, there was the Rs 3,500 crore debt of private holding companies,” police said.
The Mangaluru Police investigating the death of VG Siddhartha — Coffee Day founder and son-in-law of former Chief Minister SM Krishna, now suspects that he may have taken the drastic step as he was riddled with debt amounting to over Rs 10,000 crore. Speaking to TNM, police officials who are looking into his financials say that the several holding companies of Coffee Day, in which he was a shareholder, had incurred a debt of Rs 3,500 crore in total.   Sivan Securities, Devadarshini Info Technologies, Coffee Day Consolidations and Gonibedu Coffee Estates were Siddhartha's personal holding companies and he had pledged his shares in these companies for the loan, police sources say. "Coffee Day itself was in debt of around Rs 7,000 crore. In addition, there was the Rs 3,500 crore debt of these private holding companies and he had to pay back over Rs 10,000 crore in loans. We suspect that this huge amount of debt had put him under a lot of stress. He had leveraged shares in so many companies he owned that it had become difficult to repay them," the police said.  Police say that investigations led them to believe that Siddhartha wanted to clear the loan he had taken from the private equity firms Standard Chartered and KKR, which had 5.6% and 6% stake in Coffee Day Enterprises. "Devadarshini Info had also taken a loan from these two PE firms. He wanted to pay back the loans to Standard Chartered and KKR as he had pledged that the lenders could take over his shares in Coffee Day if he failed to repay the loans," the police added.  VG Siddhartha went missing on Monday night near the Netravathi river bridge. He was travelling from Bengaluru to Mangaluru when he allegedly told his driver to stop the car on the bridge. Siddhartha is believed to have told his driver to stay inside the car and that he was going to take a walk. Over an hour after he left, his phone was switched off, which began worrying his driver. The driver, Basavaraj Patil then informed Siddhartha's family and the police.  A fisherman named Symond D'Souza had also informed the police that he had seen a man fall off the bridge on Monday night, which led them to suspect that it could have been Siddhartha. His body was found in the river by fishermen on Wednesday morning after a 36-hour search operation. His last rites were performed in Chikkamagaluru later on Wednesday. 
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Coffee Day founder VG Siddhartha cremated at his estate in Karnataka

Crime
Hundreds of people, including women and elders from the surrounding towns and villages, thronged the estate in the Mudigeree taluk for the last glimpse of the coffee baron
The body of Cafe Coffee Day (CCD) founder V.G. Siddhartha was on Wednesday afternoon taken to Chattanahalli, his village, in Karnataka's Chikkamagaluru district. The last rites would be performed at one of his coffee estates by evening, a family source said "The flower-decked cortege with his body in a glass-cased coffin was brought to the estate from Mangaluru after the autopsy at a state-run hospital," the source told IANS on phone. The coffee estate is 150 km from Mangaluru and 250 km northwest of Bengaluru in the biodiverse Western Ghats of the state. The body was taken to the Coffee Day Global Enterprises office in Chikkamgaluru town on way to the village. Hundreds of people, including women and elders from the surrounding towns and villages, thronged the estate in the Mudigeree taluk for the last glimpse of the coffee baron and pay homage to him. After two fishermen found the body floating in the backwaters of the Netravathi river earlier in the day, the police shifted the body to Wenlock Hospital in Mangaluru for post-mortem. "The Siddhartha's body was handed over to his family after the autopsy," said the source. Siddhartha's father-in-law SM Krishna and mother-in-law Prema flew to Chikkamagaluru from Bengaluru, while other family members and relatives have also reached the estate for the last rites. "As a holiday has been declared for the day in all the coffee estates of the district, hundreds of plantation workers and owners have come to pay their respects to Siddhartha, who generated thousands of direct and indirect jobs in his 12,000-acre coffee estates and 1,751 retail chain outlets across the country over the last two decades," the source said. Karanataka Chief Minister BS Yediyurappa also flew from Bengaluru to attend the last rites and console the bereaved family members. Siddhartha went missing on Monday night and was suspected to have committed suicide by jumping off the bridge.
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Wednesday, July 31, 2019

Cafe Coffee Day is VG Siddhartha's legacy and it will be kept alive, say employees

CCD
Employees TNM spoke to remain confident despite stating that they have not received any official communication in this regard from their higher-ups.
A lot has changed since Monday for Cafe Coffee Day. Its founder VG Siddhartha, who went missing on Monday, was found dead on Wednesday morning. Even though Coffee Day Enterprises is going through a change at the top level, those working in its 1500-plus cafes are not worried about their jobs. In a letter, purportedly written by VG Siddhartha himself, he had mentioned financial troubles and how he failed as a entrepreneur. Over the past few months, he was desperately trying to pare down the company debt, which as per estimates currently stands at roughly Rs 6,500 crore. The stock of the company too, has been on a downward spiral. However, despite all of this, employees with whom TNM spoke to, believe business will carry on as usual. This even though they say they have not received any official communication from their higher-ups. A member of the service team at MG Road’s Spencer Building outlet in Bengaluru, said, “We have heard everything from news reports only. But there is nothing to fear, there are many people in the company. Do you see any change in business? People are coming in as usual.” Similarly, an employee at Santhome High Road Branch in Chennai said that so far no new official announcements have come from the Head Office. “There have been no issues regarding payment of salary to the CCD employees. We have been paid well while Siddhartha sir was alive and we are sure there will be no problems regarding that even after his demise.” These views were echoed by the staff at Hyderabad’s Begumpet as well.  Karan Sharma*, a store manager who manages two stores in Bengaluru, said, “It is very sad that he is no more. But we have strong leadership and there is no reason to lose hope. I can tell you no one is thinking that they will be left unpaid. It will be the same as it used to be. No staff in two of the stores have asked me this question. There might be some changes in top-level but there won’t be any changes at the basic level. We will continue with the blessings of Siddhartha sir.” VG Siddhartha was reported missing since Monday evening after he disappeared near the Nethravathi bridge in Mangaluru. His body was recovered at 6.30am on Wednesday morning, around 9 km away from the bridge. Following his death, the Board appointed its erstwhile Non-Executive Independent Director SV Ranganath as the interim chairman. Nitin Bagmane who was the Chairman of Coffee Day's real estate arm Tanglin has been appointed as the interim chief operating officer (COO). *name changed  (iWith inputs from Mithin K and Anjana Sekhar)
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Karnataka Congress and JD(S) expel 17 rebel MLAs for anti-party activities

Politics
The rebel MLAs had failed to appear in the Karnataka Assembly for the vote of confidence held last week.
The Congress and JD(S) on Tuesday expelled 17 legislators, disqualified by former Karnataka Speaker KR Ramesh, for anti-party activities. In a press communique, the party said the All India Congress Committee (AICC) had approved the proposal from the Karnataka Pradesh Congress Committee seeking expulsion of these MLAs from the party.  The expelled MLAs Congress legislators Pratap Gouda Patil, BC Patil, Shivaram Hebbar, ST Someshekhar, Byrati Basavraj, Anand Singh, R Roshan Baig, Muniratna, K Sudhakar, MTB Nagaraj, Shrimant Patil, Ramesh Jarkiholi, Mahesh Kumatahalli and R Shankar, and JD(S) legislators AH Vishwanath, Gopalaiah and Narayana Gowda. A day before the trust vote on the BS Yediyurappa government in the Assembly, the Speaker on Sunday disqualified 14 rebel legislators of the Congress and Janata Dal-Secular for defying party whips to attend the House on July 23. Three rebel Congress legislators -- Jarkiholi, Kumatahalli and R. Shankar -- were disqualified on July 25 for defying the party whip to attend the Assembly and vote in favour of the motion. The rebels were disqualified after the Congress-JD(S) coalition government collapsed after losing the motion of confidence in the Assembly last week. The coalition had accused the BJP of horse-trading and paying crores of rupees to the renegade MLAs in a bid to topple the government. The rebels had tendered their resignations to the Speaker’s office on July 6 and had boarded a private charter plane, which flew them to Mumbai. After a long discussion on the repercussions of rebels’ actions and the BJP’s alleged role in the rebellion, the coalition failed to pacify their MLAs and HD Kumaraswamy stepped down as the CM after the motion of confidence was lost. The rebels were holed up in Renaissance Hotel in Mumbai until Friday last week, when BJP’s BS Yediyurappa took oath as the Chief Minister of Karnataka.  
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Congress and BJP indulge in political blame game over VG Siddhartha's death

Politics
While the Congress claimed that Siddhartha’s death was due to harassment by I-T officials, the BJP hit back by calling the grand old party “political vultures”.
Hours after Coffee Day founder VG Siddhartha’s body was recovered from the Nethravati River, the BJP and Congress in Karnataka are indulging in a political slugfest over his death. VG Siddharatha went missing on Monday night near the Netravathi bridge while he was on his way to Mangaluru. Siddhartha had left behind a death note, which stated that he was unable to handle the alleged harassment he faced at the hands of the Income Tax Department. The political parties are now indulging in a war of words over his death and the Congress jumped in to capitalise on its long-standing allegations that the BJP was using central investigative agencies to target the Opposition. “VG Siddhartha’s case is very unfortunate. Result of harassment by I-T officials and decline of India’s entrepreneurial position turning virulent by the day, with tax terror and collapse of economy. Companies, which flourished under UPA, have been shut down with many people being jobless,” the Karnataka Congress tweeted. #VGSiddhartha case is very unfortunate. Result of harassment by IT officials & decline of India’s entrepreneurial position turning virulent by the day, with Tax Terror & collapse of economy Companies which flourished under UPA have been shut down with many people being jobless pic.twitter.com/rbwUymoM3B — Karnataka Congress (@INCKarnataka) July 31, 2019 Reacting strongly to the Congress’ allegations, the BJP struck back by calling the grand old party “political vultures”, flocking to capitalise on the death of a person. “Opportunistic political vultures flocking in full force totally disconnected from the emotions of family members of VG Siddhartha. Investigation will reveal the facts behind this tragic incident. Until then respect the sentiment of masses & display some humanity if left with any,” the BJP said. Opportunistic political vultures flocking in full force totally disconnected from the emotions of family members of #VGSiddhartha Investigation will reveal the facts behind this tragic incident. Until then respect the sentiment of masses & display some humanity if left with any https://t.co/X37Ef71jh9 — BJP Karnataka (@BJP4Karnataka) July 31, 2019 Taking exception to being called political vultures, former Chief Minister and Leader of Opposition in the Karnataka Assembly, Siddaramaiah said that the the Union government favoured only a few crony capitalists and never made way for others to succeed. “Few 'bhakts' are quick to criticize opposition, for blaming ruling govt of favouring capitalists, as they feel Siddhartha's case disproves it. Truth is, we blamed the government for favouring a “few crony” capitalists. Make it a level playing field for compassionate visionaries,” Siddaramaiah said. Few 'Bhakts' are quick to criticize opposition, for blaming ruling govt of favouring capitalists, as they feel Siddhartha's case disproves it. Truth is, We blamed govt for favouring 'FEW' 'CRONY' capitalists. Make it a level playing field for compassionate visionaries. — Siddaramaiah (@siddaramaiah) July 31, 2019 Over 100 police personnel, state disaster response force (SDRF), divers and fishermen were deployed to look for him in the river on Tuesday. An eyewitness had told the police that he had seen someone fall of the bridge on Monday night, which led to the suspicion that he may have drowned. His body was found by fishermen on Wednesday morning.
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