Vijay Mallya cites VG Siddhartha's death to attack banks & agencies, says 'See what they're doing to me...'

Soon after Cafe Coffee Day founder VG Siddhartha's was found de and his body was found at banks of Netravati backwaters in Mangaluru, fugitive offender Vijay Mallya said that he is indirectly related to Siddhartha. Expressing his point on Twitter, Mallya said that he is devastated after reing his letter. Mallya was referring to letter written by Siddhartha dated July 23 in which he h alleged that he is facing harassment by I-T officials. 

Citing his own example, which can be called a rar insensitive comparison, Mallya accused govt ncies and banks of driving people to a point of hopelessness and despair. He claimed that y are doing same with him. He called process 'vicious and unrelenting'.

RE: Vijay Mallya Rs As Netizens Call Him Out In Picture Of Meeting With West Indies' Chris Gayle

VG Siddhartha de

CCD founder VG Siddhartha's body was found from backwaters of Netravati River in Mangaluru. It was n sent for post mortem to Wenlock Hospital.

As per sources, 2-3 kilometre away from where Siddhartha was last seen a body was found even before  rescue operation resumed on July 31. body was found in backwaters of Netravati river. Siddhartha was missing since Monday evening after he went with his driver enroute Bengaluru. However, as per his driver's statement to Police, he was asked him to change route to Mangaluru. 

RE: Cafe Coffee Day founder VG Siddhartha's body found on banks of Netravati River in Mangaluru

ED investigation on Vijay Mallya

An investigation carried out by Enforcement Directorate (ED) revealed that proxy firms linked to fugitive h a turver of over Rs 220 crore. It is Mallya’s close aides like V Shashikant who have been running business on his behalf. ED has carried out search and seizure operation on residential and business premises of an alleged close associate V Shashikant in Bengaluru, sources said. Shashikant was also questioned in Mumbai on Monday. V Shashikant was an employee of Vijay Mallya group till February 2017 and was executive assistant to him for nine years. V Shashikant was also managing director of United Breweries Holdings Ltd (UBHL). 

Republic TV has accessed email conversation between Mallya’s London assistant Daljit Mahal and Shashikant. Whatsapp conversation between Mallya and Shashikant, accessed by Republic TV, also indicates that two proxies were running business on Mallya’s behalf.

At or side, UK home office and Westminster Court has last year ordered extrition of embattled Liquor Baron Vijay Mallya to India over money-laundering and fraud in his home country. He is accused of causing loses of up to Rs 9,000 to Indian banks. Furrmore, he was branded as  first fugitive ecomic offender by a Special Prevention of Money Laundering Act (PMLA) court in Mumbai earlier this year, after an appeal by Enforcement Directorate.

Here is full letter by VG Siddhartha (that Mallya was reffering to):

To our Board of directors and Coffee Day family, 

After 37 years, with strong commitment to hard work, having directly created 30,000 jobs in techlogy company where I have been a large shareholder since its founding. I have failed to create right profitable business model despite my best efforts. 

I would like to say I have given it my all. I am very sorry to let down all people that put ir trust in me. I fought for a long time but today I have given up as I could t take any more pressure from one of private equity partners forcing me to buy back shares, a transaction I h partially completed six months ago by borrowing a large sum of money from a friend. Tremendous pressure from or lenders le to me succumbing to situation. re was a lot of harassment from previous DG income tax in form of attaching our shares on two separate occasions to block our Mindtree deal and n taken possession of our Coffee Day shares, although revised returns have been filed by us. This was very unfair and has led to a serious liquidity crunch.

I sincerely request each of you to be strong and to continue running se businesses with a new manment. I am solely responsible for all mistakes. Every financial transaction is my responsibility. My team, auditors and senior manment and totally unaware of all my transactions. law should hold me and only me accountable, as I have withheld this information from everybody including my family.

My intention was never to cheat or misle anybody. I have failed as an entrepreneur. This is my sincere submission. I hope someday you will understand, forgive and pardon me. 

I have enclosed a list of our assets and tentative value of each asset. As seen below our assets outweigh our liabilities and can help repay everybody.