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The decease of C.J. Roy, allegedly pursuing raids by the Income Tax Department successful Bengaluru connected January 30, is not the archetypal specified lawsuit successful Karnataka. Cafe Coffee Day laminitis president and managing manager V.G. Siddhartha, the son-in-law of erstwhile Karnataka Chief Minister S.M. Krishna, too, had allegedly ended his beingness successful 2019, leaving down a missive blaming his “financial troubles” and harassment by the Income Tax Department for “succumbing to the situation”.
The Income Tax Department had raided Mr. Siddhartha and his firms aggregate times successful 2018 and 2019.
“Under unit from a backstage equity spouse to bargain backmost shares”, Siddhartha said successful a purported missive helium near down earlier ending his life, adding, “there was a batch of harassment by the erstwhile DG of Income Tax successful the signifier of attaching our shares connected 2 abstracted occasions. This was precise unfair and has led to a superior liquidity crunch”.
Congress, past successful Opposition successful Karnataka, had blamed “tax terror” nether the BJP authorities astatine the Centre, which they alleged was starring to the “decline of India’s entrepreneurial position”.
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