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Old 1st August 2019, 23:04   #61
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Default Re: Cafe Coffee Day founder VG Siddhartha goes missing. EDIT: R.I.P.

With due respect to the departed soul. News is that he got involved with few hawala transaction. Quite possible unknowingly.

Mystery over CCD founder VG Siddhartha's disappearance continues: From signature mismatch to Hawala link, is this what led to it?
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Old 2nd August 2019, 08:25   #62
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Default Re: Cafe Coffee Day founder VG Siddhartha goes missing. EDIT: R.I.P.

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Originally Posted by tht'snotME View Post
Honestly i don't understand why successful businessmen get involved with the politicians of dubious nature
It's the other way round; any politician will always look out where the money is, which is obviously with businessmen. If you look the history as well, most merchants would have close affinity with Kings as well. Those days it was information, prize & probably a little bit spying. It's nearly the same these days.

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I hate watching the news channels
Yes, please stop!! High time!! If you stop watching news channels, stop reading newspapers, you'll be surprised on 2 things...
1. You're having a peaceful life & a big task list to accomplish in your life
2. No matter what, the negative news still reaches to your ears somehow

PS - If you start watching DD news, you'll start believing that you're living in one of the most peaceful times with lot of progress the nation is making

PPS - Please excuse me with just one OT here. Why I had to say above is, there's no point following any news these days because there's going to be a lot of mixed messages that start with "I'm no way...but...", "Although I've no affinity with...but..." floating around in which no one will be able to distinguish the truth, which becomes easy to bury.
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Old 2nd August 2019, 09:53   #63
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Default Re: Cafe Coffee Day founder VG Siddhartha goes missing. EDIT: R.I.P.

The issue now becomes that the man isn't there to defend himself against smears and mud-slinging from various sources (IT, GoI, etc.). Any chance of fair, unbiased trial will not be possible any more.

More and more we will only see his end of the short-comings and defects getting highlighted. Will even be blown out of proportion with no one to check those. Truth will be hidden with piles of lies and smears. All of it to only be forgotten soon enough until the next victim comes about.

If the authorities are so keen on the tax-revenues, the first place to start is plugging the leaks in their revenue bucket. From the perspective of a common man, every project is yet another avenue for getting more holes into that tax-revenue bucket. The bucket leaks faster than it can be filled.
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Old 2nd August 2019, 14:34   #64
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Default Re: Cafe Coffee Day founder VG Siddhartha goes missing. EDIT: R.I.P.

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Originally Posted by aargee View Post
It's the other way round; any politician will always look out where the money is, which is obviously with businessmen.
Sometimes, they force you to go in a wrong direction. Businessmen, get mesmerized with more money and Power.


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PS - If you start watching DD news, you'll start believing that you're living in one of the most peaceful times with lot of progress the nation is making
Not only DD, 95% of Private Channels too, are all sold.

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If the authorities are so keen on the tax-revenues, the first place to start is plugging the leaks in their revenue bucket.
More than 900 Journalists across the world, worked for a year and compiled a list of Money Launderers, in which there are more than 300 names of Indians. They got all the details on a platter. Many went to Jail across the world, 2 Presidents had to resign, but No action in India.

Last edited by jaaz : 2nd August 2019 at 14:39.
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Old 2nd August 2019, 19:49   #65
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Default Re: Cafe Coffee Day founder VG Siddhartha goes missing. EDIT: R.I.P.

While there will likely be many narratives that will swirl around the deceased gentleman, particularly given how he unfortunately passed away, here are my takeaway's:
  • He built a Starbucks like brand, streamlined trade in coffee and was generally a big benefactor of the coffee growing Chikmagalur
  • He was uniformly considered unassuming and simple - traits/labels that are unfortunately not common among many of his wealth and stature
  • He was also undoubtedly politically well connected
  • He was a wheeler dealer. CCD, as a stock, has been trading at a discount considering its brand value. The most common explanation is that it houses many disparate businesses (coffee chain, wealth management, hospitality etc.) in entities with opaque cross holdings. While the same could be said of Reliance etc., in CCD's case, the leverage was much higher
On balance, I think his troubles indicate more about the latent debt crisis that we have on our hands in India - I think that he was under great pressure for repayments which turned out to be inexorable.
Also, before calling his views on his tax troubles as tax terrorism, one should balance them out with views like this
RIP! May his family and friends find solace and closure
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Old 2nd August 2019, 21:01   #66
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Default Re: Cafe Coffee Day founder VG Siddhartha goes missing. EDIT: R.I.P.

Such an amazing personality and aura even in interviews.

Constantly piling pressure inclining towards wrong-doing.

Concluding Life saying Failed as an Entrepreneur.

Collective failure of Humanity in my opinion.

Rest in peace the lovely soul.
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Old 4th August 2019, 11:03   #67
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Default Re: Cafe Coffee Day founder VG Siddhartha goes missing. EDIT: R.I.P.

Don't know much about him until now, don't know the truth about what went wrong and who is responsible for it, but feeling sad for his demise. May he rest in peace.
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Old 9th August 2019, 21:39   #68
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Default Re: Cafe Coffee Day founder VG Siddhartha goes missing. EDIT: R.I.P.

Received via whatsapp.
Shows the respect people still have for him
Attached Thumbnails
Cafe Coffee Day founder VG Siddhartha goes missing. EDIT: R.I.P.-img20190809wa0013.jpg  

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Old 15th August 2019, 11:06   #69
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Default Re: Cafe Coffee Day founder VG Siddhartha goes missing. EDIT: R.I.P.

Yesterday, there was a memorial service held in Siddhartha's memory at Chikkamagaluru. I could see people from all walks of life attending the same. Though the speakers on the stage were doing what was expected of them at such functions, the reactions of the audience was worth observing. Most of them had never seen the departed; he had been known only through his work and yet everyone was feeling sad. I very clearly saw many people shed tears openly.

Siddhartha was and remains an institution, specially for the folks of his native district. His death has created a void that is impossible to fill.

The below photo was taken at a village junction. Goes on to show the love and respect people still have for him.
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Cafe Coffee Day founder VG Siddhartha goes missing. EDIT: R.I.P.-img_20190815_1053411016x3957.jpg  

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Old 22nd August 2019, 05:08   #70
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Default Re: Cafe Coffee Day founder VG Siddhartha goes missing. EDIT: R.I.P.

Quote:
Originally Posted by Akib Khan View Post
Received via whatsapp.
Shows the respect people still have for him
Quote:
Originally Posted by dailydriver View Post
Yesterday, there was a memorial service held in Siddhartha's memory at Chikkamagaluru.

Siddhartha was and remains an institution, specially for the folks of his native district. His death has created a void that is impossible to fill.

The below photo was taken at a village junction. Goes on to show the love and respect people still have for him.
Hello, thanks for this post. Many did not know about him till his recent demise. Some of them have his pictures at their homes and pray that his soul rests in peace. Hope his family will be able to overcome the loss soon.

Last edited by Aditya : 23rd August 2019 at 10:55. Reason: Inappropriate smiley
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Old 25th August 2019, 13:29   #71
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Default Re: Cafe Coffee Day founder VG Siddhartha goes missing. EDIT: R.I.P.

Just got news, Siddartha's father passed away today, I guess his father never got to know about his sons demise.
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