1. Home
  2. 'I have failed as an entrepreneur… I gave up': V G Siddhartha’s alleged letter goes viral

'I have failed as an entrepreneur… I gave up': V G Siddhartha’s alleged letter goes viral

coastaldigest.com web desk
July 30, 2019

Newsroom, Jul 30: In an alleged letter, which is being circulated over social media, Siddhartha, V G Siddhartha, the Founder & owner, Cafe Coffee Day (CCD), who is missing since last night, says he "failed to create the right profitable business model despite my best efforts."

However, the signatures mentioned in the letter differ from Siddhartha's signatures mentioned in the company's annual report.

VG Siddhartha's alleged letter to employees and board of directors of CCD, states, "Every financial transaction is my responsibility...the law should hold me & only me accountable." However, the signatures don't match with his signatures in the company's annual report.

Here is the alleged letter:

Also Read:

Siddhartha was eager to sell his Cafe Coffee Day stake to Coca-Cola?

Cops grill Siddhartha’s car driver at undisclosed location

Karnataka BJP MPs meet Amit Shah; seek help to trace ‘missing’ Siddhartha

‘Utterly fishy. Unbelievable. Siddhartha called me on July 28. He wanted to meet me’: D K Shivakmuar

Mangaluru: Coffee tycoon Siddhartha goes missing from Netravati Bridge; massive search underway

 

Comments

Sridhar prabhu
 - 
Tuesday, 30 Jul 2019

i have no idea how much harassment u got it from the lenders. but still u had lot of option. RIP.

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 30,2020

Bengaluru, Jul 30: The Bruhat Bengaluru Mahanagara Palika (BBMP) on Wednesday issued a notice restricting the sacrifice of animals during Bakrid or other religious occasions in certain places.

This year Eid al-Adha or Bakra eid will be celebrated on August 1.

"The administration has prohibited the sacrifice of animals in public roads, footpaths, inside or outside the premises of hospitals/nursing homes, schools and colleges, temples mosques, other religious places or public places," the BBMP said in a public notice.

Person or organisation violating the notice is liable to be prosecuted under the relevant sections of the Indian Penal Code, stated BBMP.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 29,2020

Bengaluru, Apr 29: Union Minister Ravi Shankar Prasad on Tuesday clarified that Department of Telecommunications has extended the relaxed terms and conditions for VPN till July 31.

"Wish to clarify that it is not extension of WFH. In response to IT Industry's request to facilitate WFH for OSPs, Department of Telecommunications, India had relaxed terms and conditions for VPN till April 30 After discussions with IT Ministers this relaxation in terms and conditions is extended till July 31," Prasad Tweeted quoting Deputy Chief Minister of Karnataka Dr Ashwath Narayan.

Earlier, the Karnataka government issued a press statement saying that the central government has given permission to IT professionals to work from home till July 31 in the view of COVID-19 pandemic.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
August 3,2020

Koppal, Aug 3: The activists of Popular Front of India (PFI) have won the heart of the people by performing the last rites of a local leader of Bharatiya Janata Party in Koppla district of Karnataka. 

Somashekhara Gowda, a senior BJP leader in Koppal’s Gangavathi died of covid-19. His family members were reportedly quarantined. His own party activists also were not ready to participate in the last rite due to the fear of coronavirus infection.

Following requests, a team of PFI comprised of district secretary Fayaz, and members Yaseen, Abdul Aalam, Shamid Razi and Husain Azarauddin performed the last rites as per Veerashaiva Lingayat traditions. 

Speaking to media persons PFI district president Zaheer Abbas lamented that people still have plenty of misconceptions about covid-19. “Due to the misconceptions, performing the last rites of those who die of covid-19 has become a challenge,” he said.

He said that PFI activists followed all the health guidelines and took necessary precautions while performing the last rites. “Under the guidance of district health officials and with the consent of the family members of the deceased, the last rites were performed as per Veerashaiva Lingayat traditions,” he said.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.