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Siddhartha owes 152.48 Cr to Karnataka Bank
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Siddhartha owes 152.48 Cr to Karnataka Bank

Agency News

As the state is engaged in a massive operation to trace the Café Coffee Day found VG Siddhartha, Karnataka Bank in a letter has claimed that the coffee King Siddhartha has owed 152.48 Crore to the bank.

Officials of the bank has written on Tuesday to the Bombay Stock Exchange(BSE) and the National Stock Exchange(NSE) claiming that VG Siddhartha's company, Coffee Day Enterprises which is the parent company of the Cafe Coffee Day franchise, owes the bank Rs 152.48 crore.

Siddhartha's firm pledged property to take the loan, says a local media report.