'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

 

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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
May 10,2020

In a shocking incident, a pharmacist-cum-production manager of an Ayurvedic product company in Chennai’s T.Nagar died after drinking a chemical preparation he reportedly formulated for tackling the Coronavirus.

The managing director of the company, who is an ophthamologist by qualification, was hospitalised after he fainted soon after he ingested the chemical component.

The deceased, K.Sivanesan, 47, of Perungudi, was with Chennai-based Sujatha Biotech, an Ayurvedic and herbal products company which was founded 30 years ago. It has a plant in Kashipur, Uttarakhand, where Sivanesan was working. Sivanesan had devised formulas of various products and used to visit his managing director Dr. Rajkumar frequently in the city.

Due to the lockdown, Sivanesan came to Chennai and stayed with his family in Perungudi. On Thursday morning, he procured the chemical component from a market in Parry’s Corner.

First he gave a small amount powder he derived from the chemical to 67 years-old Rajkumar who fainted after tasting it.

Even as he was being resuscitated, Sivanesan went into the kitchen of the house and gulped it in liquid form after adding water to it. He could not be revived.

Deputy Commissioner of Police, T.Nagar, Ashok Kumar, said, “Our investigation revealed that Sivanesan died after drinking the preparation he claimed would help COVID-19 patients. His managing director fainted after tasting it initially. Further investigation is on.”

Sivanesan was rushed to a private hospital in T.Nagar and declared dead by the doctors there. Later his body was shifted to Government Royapettah Hospital for post-mortem. Teynampet police registered a case under section 174 of Criminal Procedure Code for unnatural death.

N.S.Vasan, designer-cum-media manager of the company said, “Due to the lockdown, Sivanesan stayed in the city and one day told us he heard of some medicine from U.S. President Donald Trump’s recent speech for curing Coronavirus. He said it would bring more immunity and help to prevent COVID-19. Deciding to test the effect of the medicine, he went to Parry’s Corner and bought the powder.” He added that Sivanesan must have taken a heavy dosage of the ‘drug’ and he was killed instantly.

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News Network
June 11,2020

Bengaluru, Jun 11: Chief Minister BS Yediyurappa on Thursday allowed the Opposition Congress party's newly elected state president DK Shivakumar to have a formal swearing-in function.

He told media, “I have spoken to Shivakumar and informed him to conduct the event after taking precautionary measures against the spread of the COVID-19 disease”.

The move came after the state government received flak from the main Opposition Congress leaders, for refusing to permit the newly elected State Congress president to have a formal swearing-in function take reigns from his predecessor Dinesh Gundu Rao.

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coastaldigest.com news network
February 7,2020

Bantwal, Feb 7: A 31-year-old man has been arrested on charge of sexual assault on a minor boy at Kanyana under the limits of Vittla police station in Bantwal taluk of Dakshina Kannada.

The police have identified accused as Suresh Prabhu, a resident of Kanyana village. He is said to be an activist of a saffron outfit.

The alleged sexual assault took place on February 1, when the victim, a schoolboy, was on his way home from the school. 

According to police, Prabhu called the boy saying he wanted to tell a secret. He then took him to the school toilet and sexually assaulted him there. 

After returning home, the boy narrated the incident to his mother, who approached the jurisdictional Vittla police station and lodged a complaint. 

After taking the minor boy’s statement, the police registered a case under section 341, 377, 506 IPC and POCSO Act against Prabhu. He was arrested on February 5.

 

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