Business Standard

Letter to BS: Blaming I-T dept for Siddhartha's unfortunate fate is wrong

The action of IT authorities ordering provisional attachments of Siddhartha's assets are in accordance with the law, which may possibly cause financial hardship, but cannot be called 'harassment'

Cafe Coffee Day outlet in Connought Place in New Delhi | Photo - Dalip Kumar
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Cafe Coffee Day outlet in Connought Place in New Delhi | Photo - Dalip Kumar

Business Standard
Even without verifying the facts, some leading Bengaluru business tycoons have jumped in to crucify the Income Tax authorities for Cafe Coffee Day (CCD) chain founder VG Siddhartha's unfortunate decision to end his life. In a letter purportedly signed by him, while taking the entire blame on himself for the  “mistakes”, he has accused the former DG, Income Tax, for harassing him by attaching his shares that caused serious liquidity crunch. On the other hand, the IT authorities have clarified that the searches were based on solid evidence of tax evasion and that the attachments were ordered to safeguard interest

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First Published: Jul 31 2019 | 10:17 PM IST

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