Cafe Coffee Day head Siddhartha’s ‘parting letter’ ignites social media 'tax terror' debate
In a letter to the Coffee Day board of directors on Saturday, Siddhartha has blamed lenders and tax authorities for his troubles. He complained of undue harassment by officials
Siddhartha, son-in-law of former union minister S M Krishna, has highlighted the "tremendous pressure" on him in a letter written before he went missing on Monday night.
He wrote: "a lot of harassment from the previous DG income tax in the form of attaching our shares on two separate occasions to block our Mindtree deal and then taking possession of our Cofee Day shares, although the revised returns have been filed by us.”
He also says in the letter that he never intended to cheat or mislead anyone and that there were adequate assets to repay everybody.
The contents of the letter were posted by many news channels and individual twitter handles; the CCD management has not offered comment.
Siddhartha is suspected to have jumped off a bridge in Mangaluru on Monday night. Mangaluru City Police launched a search around the kilometre-long Ullal bridge on Monday night.
The mention of the tax authorities in the letter, has triggered a debate on social platforms on “tax terror”. Many well-known people have tweeted to express their concern.
There are some who have called for prosecuting the tax officer in the case.
That tax officer will have to be and must be prosecuted without delay. Its an offence under the CPC and suicide note is admittable evidence.— Sheela Bhatt (@sheela2010) July 30, 2019
And there are some who say that harassment by authorities is a reality.
Undoubtedly, our Govt authorities can destroy anyone.— Manoj Sharma ???????????????????????? (@MANOJSHARMA_MRT) July 30, 2019
Everyday we hear cases of harassment by Income tax, Police, custom and so on...
But nobody is willing to stop it.
Senior journalists have tweeted to raise the pitch against “tax terrorism”
If VG Siddhartha letter is genuine (yet to be verified), then it only confirms what bizmem have been saying for a while now: tax terrorism is taking us back to the past, retarding investment/growth. And if this can happen to the son in law of SM Krishna, god help small bizmen.— Rajdeep Sardesai (@sardesairajdeep) July 30, 2019
They also say that the treatment meted to VG Siddhartha is testimony to the tax terror, and a sign of economic collapse.
Founder & owner, Cafe Coffee Day (CCD), #VGSiddhartha's letter to employees and board of directors of CCD, states, "Every financial transaction is my responsibility...the law should hold me & only me accountable."; He has gone missing from Mangaluru, search operation underway. pic.twitter.com/0GJc5vmvYt— ANI (@ANI) July 30, 2019