In a shocking incident, founder of Cafe Coffee Day and son-in-law of former Karnataka chief minister VG Siddhartha is found missing from Monday evening.
Reports say that VG Siddhartha was last seen on a bridge over the Netravati river in the coastal town.
His driver Basavaraj Patil broke the news of CCD founder missing.
In his statement, the driver said that they were en route to Sakleshpur from Bengaluru in a Toyota Innova – a 220-km drive. But the businessman asked him to turn towards Mangaluru. “He said he will walk and come… At 8 pm (an hour later) I called him but his phone was (switched) off. Then I called his son and he said he’ll call him too. Later I filed a complaint,” said Mr Patil.
The businessman in a letter reportedly written to his family before he went missing, he said he had “failed to create the right profitable business model despite my best efforts”. He added, “I would like to say I gave it my all. I am very sorry to let down all the people that put their trust in me. I fought for a long time but today I gave up as I could not take any more pressure from one of the private equity partners forcing me to buy back shares….”