K Taraka Rama Rao the working President of TRS tweeted that he is shocked and saddened at the untimely death of the cafe coffee day owner Siddarth. KTR stated that he has met Siddarth long time ago and found him as a good person.
KTR also tweeted that his family must get all the strength to come out of this loss.
It may be noted that Siddarth aged 58 who was in deep debts has jumped over the Nethravathi river and finally, his body has been traced by the police. Siddarth also wrote a letter to the employees of the cafe coffee day that he could not get profits for the company.
Siddarth was in debt to the extent of around Rs 7000 crore. There was news that the cola giant Coco-Cola was looking acquiring the chain of Cafe coffee day shops.
KTR, however, was very sad that the Coffe king has ended his life due to financial problems. Karnataka Chief Minister B.S. Yediyurappa and scores of political leaders, including former prime minister H.D. Deve Gowda took to Twitter to mourn coffee baron V.G. Siddhartha and offer condolences to his bereaved family.
