Karnataka: Cafe Coffee Day founder V G Siddhartha was reported to have gone missing after he left from Bengaluru on Monday night. A letter written by V G Siddhartha has surfaced the internet on Tuesday in which he has apologised to people who "put their trust" in him and stated he failed to create the right profitable business model despite his best efforts.

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

"After 37 years, with strong commitment to hard work, having directly created 30,000 jobs in our companies and their subsidiaries, as well as another 20,000 jobs in technology companies where I have been a large shareholder since its founding. I have failed to create the right profitable business model despite my best efforts. I would like to say I gave it my all. I am very sorry to let down all the people that put their trust in me," V G Siddhartha's letter to the stakeholders read.