The cremation of Cafe Coffee Day (CCD) owner VG Siddhartha will take place at his father's estate in Karnataka's Chikmagalur, his close aide Sringeri legislator T D Rajegowda said.
"The family members have all decided that cremation will take place at his father's estate in Belur taluk," said Mr Rajegowda.
A massive search operation involving multiple agencies was on since Monday evening, when Mr Siddhartha went missing. Mr Siddhartha's body had washed ashore the Netravati river near Ullal in Mangaluru and was found by fishermen at around 6:30 this morning.
The 58-year-old businessman is the son-in-law of former Karnataka Chief Minister SM Krishna.
"Two fishermen found Siddhartha's body early this morning about 500 metres away from the road bridge from where he is alleged to have jumped into the river on Monday night," Mangaluru Police Commissioner Sandeep Patil told reporters.