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'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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coastaldigest.com news network
August 2,2020

Mangaluru, Aug 2: Former Minister and Mangaluru City MLA U T Khader has gone into self-quarantine after former MLC Ivan D’Souza tested positive for coronavirus. 

Mr D’Souza had met Mr Khader and many other Congress leaders a day before receiving his throat swab test results. 

Mr Khader announced on twitter: “Have gone into self-quarantine with immediate effect after receiving the news about #Covid_19 positive test of Former MLC Ivan D’Souza & his wife Dr Kavitha. Being COVID Incharge DK District taskforce committee, I am one among Ivan's primary contact.”

“I am going to discharge my duties from home for the next few days. You can reach out over phone at any point of time. I appeal to all my colleagues and friends who may have come in contact with us in the last few days to get tested for #Covid_19” he tweeted.

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News Network
March 2,2020

Mangaluru/Mysuru, Mar 2:Unseasonal rain that lashed several parts of Dakshina Kannada, Udupi and Mysuru districts on Monday brought big relief from scorching heat experienced since last one week.

According to official sources here, the Port city received rain for more than two hours since 0500 hrs. Mangaluru, Thokkottu, Ullal, Kavoor, Bondel, Bejai and other areas surrounding Mangaluru experienced rainfall.

Power supply was disrupted following rainfall. The Indian Meteorological Department (IMD) has predicted 'generally cloudy sky' for Mangaluru on Monday.

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coastaldigest.com news network
August 1,2020

Udupi, Aug 1: A girl child died five persons suffered injuries in a car accident today on National Highway-66 near Ambalpady in Udupi.

According to sources, two couples and children were travelling in the car from Mangaluru to Shikaripura when the tragedy took place. 

The speeding car rammed into the road divider and flipped over after the driver lost control over it near Ambalpady. 

Among the injured, the condition of a woman is said to be critical. She has been admitted to KMC Hospital in Manipal. The other passengers escaped with minor injuries.

A case has been registered at Udupi town traffic police station and investigations are on. More details are awaited.

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