'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.

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News Network
April 5,2020

Udupi, Apr 5: Excise Department has formed a special patrol teams to check the illegal sale of liquor in the district during the lockdown period.

All liquor stores are closed till April 14 in view of the lockdown to contain Covid-19 spread. However, reports of liquor being sold illegally have come to the notice of the Excise Department.

In a stern warning, the department has stated that officials will verify the closing and opening stock at the liqour stores and if any discrepancy is found the violators will be penalised. The department has received over 20-30 calls regarding the illegal sales.

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News Network
March 15,2020

Bengaluru, Mar 15: The civic body in Bengaluru has said that gathering at marriage functions should not exceed 100 people in order to curb the spread of coronavirus.

A circular issued by Bruhat Bengaluru Mahanagara Palike (BBMP) dated March 15 said, "All marriage functions pre booked in marriage halls, hotels, Party places, etc. prior to the issue of circular dated March 13, shall be allowed to be conducted subject to the condition that the gathering in the function not exceeding 100 persons."

"The above relaxation is an exception in consideration of the difficulties in rescheduling and cancelling the Marriage event immediately," the circular said.

It said, "The Owners/Management of such locations where Marriages are to be solemnized due to pre booking shall maintain high standards of sanitation and hygiene by periodically cleaning by 10 per cent Sodium Hydrochlorite Solution or any other effective disinfectant the surfaces, floors and exposed areas likely to be touched by the attendants."

"Any person attending the function having any such symptoms like Cough, Cold, and Fever etc. shall be requested for immediately leaving the Programmes," it said.

The civic body further said in the circular, "No fresh bookings of any place for Marriage programme are permitted till further orders. Any bookings on future dates by any organizer, event manager, owner of such property or any other person will be at his own risk and action will be taken against the property or any other person for any kind of bookings before an Order allowing such bookings is issued by a Competent Authority."

"The restrictions imposed are in the absolute interest of Public Health for preventing the Community Spread and outbreak of the disease at mass scale. All other restrictions imposed by order dated March 13 shall stand the same," the Circular added.

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coastaldigest.com news network
June 8,2020

Hubballi, June 8: If everything goes as expected, the railway station in Hubballi, the commercial capital of the state and also the headquarters of South Western Railway (SWR), will have the world’s longest railway platform next year.

E Vijaya, chief public relation officer of SWR, said the work is being done as part of doubling between Hubballi and Bengaluru. 

“At present, Hubballi has five platforms, and the number will be increased to eight. Inspection carriage line is getting converted to full platform. 

Platform No. 1 will be extended from 550m to 1,400m with 10m width. At present, Gorakhpur’s 1,366m platform is the world’s longest facility,” the officer said.

She added that one more entry point is coming up at Gadag Road. “Rs 90 crore is being spent on the works related to full yard, signalling, electrical and building. 

The works, started in November 2019, will be completed in the next one year,” said Vijaya.

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