Roha Fort

VG Siddhartha missing: CCD founder's 'letter' blames his 'failure' on 'pressure' from equity partner, 'harassment' from ex-DG, Income Tax

VG Siddhartha, the founder of India's largest Coffee chain Café Coffee Day, who also owns Asia's single-largest coffee estate, is missing since Monday evening. In a letter, reportedly written by Siddhartha, he blames “serious liquidity crunch”, “harassment from the previous DG income tax” and “pressure from one of the private equity partners forcing me to buy back shares” for his situation.

Full text: Cafe Coffee Day founder VG Siddhartha goes missing; leaves letter to management, staff saying 'I failed as an entrepreneur'

"I am very sorry to let down all the people that put their trust in me," writes Caffe Coffee Day founder VG Siddhartha in letter to board of directors and employees.