'Failed as an entrepreneur, sorry to let you down': VG Siddhartha in suicide note

  • Facebook
  • Twitter
  • Reddit
  • Flipboard
  • Email
  • WhatsApp
CCD founder VG Siddhartha
CCD founder VG Siddhartha

Mangaluru : Cafe Coffee Day founder VG Siddhartha had gone missing after he had left from Bengaluru on Monday night. According to the police, he was supposed to go to Sakaleshpur, but on his way he asked his driver to change the route and head towards Mangaluru.

"After reaching a bridge over Netravati River, he asked his driver to stop the car and told him that he is going for a walk. He asked his driver to wait until his return, but he never came back. The driver then approached the police and filed missing report," deputy commissioner of Dakshina Kannada district Senthil Sasikant Senthil told PTI.

Over 200 policemen were posted on the site to search for him. The divers on 25 boats are also looking for him in the river on suspicion that he might have jumped into the river.

The deputy commissioner said that sniffer dogs have also been pressed into service.  "The help of local fishermen is being taken in the search. We are checking who all he spoke to over phone," Mangaluru Police Commissioner Sandeep Patil said in a message.

Hours after his missing report, a letter has emerged out on the social media with the signature of VG Siddhartha. In the letter (authenticity needs to be checked), he has mentioned that he had good intentions but failed as an entrepreneur.

1/1 Letter


In January, Siddhatha's shares in Mindtree were attached by Tax Department in a potential tax department. That development makes its way into the letter. Also Siddhartha says in the letter, "There was a lot of harassment from the previous DG Income Tax in the form of attache 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. This was very unfair and has lead to the serious liquidity crunch". 

Significantly, CCD in a statement has said, "Company is professionally managed and led by competent leadership team, which will ensure continuity of business."