India’s Coffee King found dead amid Financial Troubles

Question: On 31st July, 2019, V. G. Siddhartha was found dead in coastal city in Mangaluru is related to which one of the following?
(a) Leather business
(b) Burger king
(c) Cafe Coffee Day
(d) None of the above
Answer: (c)
Related facts:

  • On 31st July V. G. Siddhartha, a tycoon who beat Starbucks to dominate India’s retail coffee industry but faced personal financial troubles was found dead.
  • The police had carried out an exhaustive search for Mr. Siddhartha, founder of the popular chain Cafe Coffee Day, who was last seen on a waterfront bridge outside the coastal city of Mangaluru, in southern India.
  • Fishermen spotted his body floating near the shoreline.
  • Mr. Siddhartha, whose family has been in the coffee business for 130 years, became one of the world’s biggest traders after opening Cafe Coffee Day in 1996, earning him the nickname the Coffee King of India.
  • The company and its subsidiaries, which recently expanded to other countries in Asia and Europe, employ more than 30,000 people.

Link:
https://www.nytimes.com/2019/07/31/business/india-vg-siddhartha-dead-cafe-coffee-day.html