Siddhartha’s last letter to CCD staff goes viral

Siddhartha’s last letter to CCD staff goes viral

Agency News

The last letter claimed to have written by Café Coffee Day (CCD) founder and the son-in-law of former Karnataka Chief Minister SM Krishna, VG Siddhartha who has gone missing from Monday evening, is going viral online.

The letter addressing Café Coffee Day employees clearly imply a suicide tone. VG Siddhartha, in his letter, said that he was "solely" responsible for the "mistakes" made. He also requested the staff and the board of directors, to whom the letter was addressed, to be "strong and continue running these businesses with a new management".

He also said, "Every financial transaction is my responsbility. My team, auditors and senior management are totally unaware of all my transactions. The law should hold me and only me accountable, as I have withheld this information from everybody including my family. My intention was never to cheat or mislead anybody, I have failed as an entrepreneur."

In the letter he also accused Income Tax officials for his last act. "There was a lot of harassment from the previous DG income tax in the form of attaching our shares on two separate occasions to block our Mindtree deal and then taking position of our Coffee Day shares, although the revised returns have been filed by us," he said in the letter.

VG Siddhartha is a rare kind of businessman, who popularised Coffee across the world, though his brand ‘Café Coffee Day’.