locations linked to him siddhartha reportedly had been witnessing rising debts especially in the last few years his coffee day enterprises ltd had seen net loss widening to rs 6771 crore in the fiscal year ended march 31 2018 from rs 2228 crore loss in the previous year this despite revenues climbing 59 per cent to rs 12232 crore he was reportedly in talks to sell his real estate venture tanglin developments ltd to new yorkbased private equity giant blackstone group the mindtree sale had vastly improved his financial condition and the real estate deal would have further cut his debt he was also in talks to sell coffee day enterprises where he held 3275 per cent stake to cocacola for as much as usd 145 billion and so his sudden disappearance from jappinamogaru which is very close to netravathi river and three kilometers from the sea on monday evening has left questions unanswered a letter by him to the ccd board claimed that he was being pressured by one of the private equity partners forcing him to buy back shares a transaction he had partially completed six months ago by borrowing a large sum of money from a friend the letter also talked about harassment by it department official who initially attached his shares in mindtree the it department on its part refuted the charges made out in the letter saying the signature on it does not match with the record available with it his wife malavika hegde with whom he has two children is on the ccd board company is professionally managed and led by a competent leadership team which will ensure continuity of business the ccd enterprise said in a regulatory filing anz drr