Malavika Hegde, spouse of late CCD founder VG Siddhartha, appointed firm’s CEO

News Network
December 8, 2020

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Bengaluru, Dec 8: Malavika Hegde, spouse of late CCD founder VG Siddhartha, appointed firm’s CEO Coffee Day Enterprises Ltd (CDEL) on Monday mentioned Malavika Hegde, the spouse of its late founder VG Siddhartha, has been appointed as the corporate’s Chief Executive Officer. CDEL runs a sequence of Cafe Coffee Day eating places in India.

“Malavika Hegde, Director of the company, has been appointed as CEO of the company with effect from 7th December 2020,” CDEL mentioned in a regulatory submitting.

The firm’s board in a gathering held on Monday additionally permitted appointment of C H Vasudhara Devi, Giri Devanur and Mohan Raghavendra Kondi as impartial administrators.

The appointment is for 5 years, efficient from December 31, 2020.

“This intimation also fulfils the requirement of appointing Woman Independent Director pursuant to SEBI (LODR) (Amendment) Regulations, 2018,” it added.

VG Siddhartha was discovered useless final 12 months, investigation revealed Rs 3,535 crore angle

Siddhartha was discovered useless in August 2019 and since then the group has been going through strain to repay money owed. It is paring its debt via the sale of non-core belongings.

In July this 12 months, an investigation into the circumstances that led to the alleged suicide of Siddhartha revealed that Rs 3,535 crore was siphoned off from the corporate by the entrepreneur’s private agency Mysore Amalgamated Coffee Estates Ltd(MACEL).

In August, the Coffee Day Group mentioned it appointed Justice Okay L Manjunath, a former decide of the Karnataka High Court, to counsel and oversee actions for restoration of dues.

The firm had mentioned it was taking steps for restoration of dues from MACEL, whereas disclosing the findings of the investigation.

CDEL has 49 subsidiaries.

CDEL in September final 12 months had introduced the sale of its Global Village Tech Park in Bengaluru to world funding agency Blackstone and realty agency Salarpuria Sattva at an enterprising worth of Rs 2,700 crore. Earlier, it had offered CDEL’s stake in IT agency Mindtree to L&T Infotech.

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News Network
November 4,2024

In a tragic turn of events, a young spectator lost his life during a bull-taming event, Kobbari Hori, at Chigalli in Mundgod taluk, Uttara Kannada, on Saturday. 

Parameshwar Siddappa Harijan, aged 22, was fatally gored by a marauding bull during the event, which had drawn large crowds as part of the Deepavali festival celebrations.

With thousands of spectators lining the path to witness the action, the event took a horrific turn when the bull charged directly at Parameshwar, inflicting severe injuries. 

Despite efforts to rush him to the hospital, Parameshwar tragically succumbed to his wounds on the way.

In response to the fatal accident, another bull-taming event scheduled for the evening in Mundgod town was promptly cancelled, as shock and grief swept through the community following the heartbreaking incident.

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News Network
November 11,2024

Mangaluru: Six youths including teenagers have been arrested by the Bantwal Rural Police in connection with a brutal assault on 21-year-old Aboobakar (name changed to hide identity), an incident that was widely shared on social media after footage revealed the victim tied to a pole and violently beaten.

The arrested individuals, all from Kanchinadkapadavu, Sajipanadu village in Ullal Taluk, have been identified as Mohammad Sapwan (25), Mohammad Rizwan (25), Irfan (27), Anis Ahmad (19), Nasir (27), and Shakeer (18). According to police reports, the assault took place on November 7 in Kanchinadkapadavu.

The sequence of events began when Aboobakar was reportedly called to a residence in Kanchinadkapadavu by a female relative. Upon his arrival, he was confronted by the accused, who questioned his presence, tied him to a pole with ropes, and attacked him while he was shirtless. 

Aboobakar managed to file a police complaint the following day, detailing the assault. As his injuries worsened, he was admitted to a private hospital in Mangaluru.

While in the hospital, Aboobakar alleged that his attackers intended to kill him during the assault. This statement led to additional charges of attempted murder being filed. 

Police officials stated that the suspects were subsequently apprehended, charged with group assault and attempted murder, and placed in judicial custody. The investigation is ongoing, and further details are awaited.

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News Network
November 10,2024

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Mangaluru: A heart-wrenching tragedy unfolded in the quiet Bellayuru village on the outskirts of Mangaluru as a man’s life ended on a railway track following an apparent double murder. Authorities from the Mulki police station identified the man as Karthik Bhat, 32, whose lifeless body was discovered on the tracks with his head positioned on the rail, indicating a tragic suicide.

Nearby, police recovered keys to a scooter and a house, which eventually led them to uncover a series of chilling events. Following the trail, officers located Bhat’s scooter parked near Mahammayi Temple. Inside the vehicle, they found documents confirming his identity, including an RC, insurance papers, and his driving license.

Their search continued to Bhat's home in Pakshikere, Kemral village, where they discovered a locked room. With the keys retrieved from the tracks, police unlocked the door, only to be confronted by a horrifying sight. The bodies of Priyanka (28) and her young son Hriday (4) lay in a pool of blood, pointing to a brutal murder that occurred just hours before Bhat’s suicide.

Initial investigations suggest Bhat, beleaguered by ongoing family disputes, committed the murders of his wife and son on the evening of November 8 before tragically ending his own life. A death note found in his diary hinted at his mental state and tragic intentions.

Priyanka’s family, residing in Shivamogga, was informed of the incident. The couple, married for six years, now leaves behind grieving relatives and unanswered questions. Police have initiated formal proceedings, collecting statements from family members as they continue their investigation into the tragic sequence of events.

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