VG Siddhartha is the son-in-law of former Karnataka Chief Minister SM Krishna
The owner of the popular coffee chain Café Coffee Day (CCD) VG Siddhartha has gone missing from a river near the Mangaluru in Karnataka. SM Krishna is also the son-in-law of former Chief Minister of Police Karnataka SM Krishna. He was last seen on a river bridge near the Netravati River in Mangaluru.
The police have launched the search operations for the missing CCD owner near the 1-km-long bridge. Police on inflatable boats and divers are scanning the muddy river. More than 200 policeman and 25 divers along with sniffer dogs have been included in the search team.
VG Siddhartha wrote a letter to management and employees and said he failed as an entrepreneur
As per the reports VG Siddhartha was not happy with his business and he wrote to the management and employments of CCD that he has failed as an entrepreneur. He also wrote that He hasn’t been able to convert into profitable business despite his best efforts. “All the financial transactions are my responsibility and I and only I should be hold accountable for it” VG Siddhartha.
He wrote “I am very sorry to let down all the people that put trust in me. I fought for a long time but today I gave up as I couldn’t take any more pressure from one of the private equity partners forcing me to buy back shares.” He also wrote that he was in tremendous pressure from lenders and there was a lot of harassment from the previous DG income tax”.
Police are suspecting suicide and think he might have jumped off the bridge
As per the recent reports, the police is suspecting suicide after the dog squad caught the strong smell of CCD founder on the bridge in Netravati River. Police suspect that he might have jumped off the bridge.
Politicians have reached SM Krishna’s home after the news break out of his son’s absence. Congress leader DK Shivakumar and Chief Minister Yediurappa were first to visit.
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