Business CCD founder VG Siddhartha's body found from Netravathi river Updated : July 31, 2019 08:06 AM IST A letter reportedly written by Siddhartha to the CCD board emerged on Tuesday, in which he said that he failed to create the right profitable business model despite taking best efforts. He blamed "pressure from one of the private equity partners", "pressure from other lenders", "harassment from the previous DG income tax" and "serious liquidity crunch" for his 'failure'. Coffee Day Enterprises on Tuesday released a statement saying it is formulating appropriate steps to ensure business operations are unaffected. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.