Siddhartha blamed lenders, tax authorities in letter to CCD board

I am very sorry to let down all the people that put their trust in me, he wrote in the letter

In his last letter to the Coffee Day Enterprises’ board of directors dated July 27, its co-founder V G Siddhartha said he had fought for a long time, but was giving up as he could not take any more pressure from one of the private equity partners who was forcing him to buy back shares. Siddhartha, who is missing since Monday night, had said “tremendous pressure” from other lenders had made him succumb to the situation.

“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