CCD Founder VG Siddhartha Death: Vijay Mallya Puts Blame on Government Agencies And Banks
VG Siddhartha and Vijay Mallya (Photo Credits: Twitter)

New Delhi, July 31: Fugitive liquor baron Vijay Mallya on Wednesday indirectly blamed the government agencies and banks for the death of Cafe Coffee Day or CCD founder VG Siddhartha. In tweets, Vijay Mallya said he was "devasted" with the content of VG Siddhartha's letter which he had written two days before his disappearance. Mallya also said the government agencies were not helping him to repay his debt.

"I am indirectly related to VG Siddhartha. Excellent human and brilliant entrepreneur. I am devastated with the contents of his letter. The Govt Agencies and Banks can drive anyone to despair. See what they are doing to me despite offer of full repayment. Vicious and unrelenting (sic)," Mallya tweeted. In the letter, Siddhartha cited "harassment" at the hands of a senior income tax official as one of the reasons for fund crunch in his company Cafe Coffee Day. CCD Founder VG Siddhartha Death: Here's What Led to Fund Crunch in Cafe Coffee Day.

"There was 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 the position of our Coffee Day shares, although the revised returns have been filed by us. This was very unfair and has led to a serious liquidity crunch", Siddhartha said in the letter. CCD Founder VG Siddhartha Death: Fisherman Claims Seeing a Man Jumping Into Netravati River on Monday.

Vijay Mallya's tweets on VG Siddhartha's Death:

In another tweet, Mallya accused financial institutions of obstructing his efforts of repaying debt. "In Western Countries, Government and Banks help borrowers repay their debts. In my case, they are obstructing every possible effort for me to repay my debt whilst competing for my assets. As far as the prima facie criminal case goes wait for the appeal granted," he wrote.

Body of Siddhartha, founder of Cafe Coffee Day and son-in-law of former Karnataka Chief Minister SM Krishna was found on the banks of Netravati River near Hoige Bazaar in Mangaluru on early morning Wednesday.