'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
July 17,2020

Bengaluru, Jul 17: Karnataka Minister for Health and Family Welfare B Sriramulu on Thursday clarified that his remarks have been misinterpreted, wherein he apparently said that ''only God can save people from Covid''.

The Bharatiya Janata Party leader slammed KPCC President D K Shivakumar for spreading false information and said that my words were not meant to cause panic among the masses.

''Respected Shivakumar, this is a clarification regarding my words that have been misinterpreted and misunderstood.

While responding to claims of the opposition that the government’s negligence, irresponsibility and the lack of coordination among ministers are responsible for the rise in cases in the state, I stated that ‘these accusations are far from the truth. People need to be aware and cautious to avoid the spread of the virus. This plays a vital role in controlling the pandemic. If we fail at this crucial step the situation can get complicated. And if things go worse, then only God can save us'', Mr Sriramulu said in a series of posts on Twitter

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News Network
June 28,2020

Udupi, Jun 28: The Padubidri police have booked cases against two patients of Novel Coronavirus for not revealing their primary contacts and hiding their travel history.

According to DHO Sudhirchandra Sooda, two siblings from Hejamadi in Padubidri had tested positive for COVID-19 recently. After shifting to the hospital, when the officials asked them about their primary contacts and travel history, the patients furnished false information.

When the officials collected information from various sources, they realised that the duo had travelled to Bantwal, Kasargod, Ullal and other places in Dakshina Kannada, said Dr Sooda. Hence, the district administration decided to file cases against them, he added.

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coastaldigest.com news network
August 1,2020

Udupi, Aug 1: A young rider lost his life after a head-on collision between a scooter and a car on K G Road in Udupi last evening.

The deceased has been identified as Praveen Ganiga (24), a resident of Kodavoor in Malpe.

According to police Praveen was riding his scooter on the wrong side of the road. The car was plying from Brahmavar to Udupi.

The people on board car suffered minor injuries in the mishap. A case was registered at Brahmavar police station and investigations are on.

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