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:
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Comments
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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