Confident Group chairman CJ Roy dies by suicide amid tax probe
Dr C. J. Roy, the founder and chairman of Bengaluru-based Confident Group, died by suicide at his company office on Friday as officials from the Income Tax Department were conducting searches and questioning him, police and local authorities said. The 57-year-old was found with a gunshot wound inside his Langford Road office near Richmond Circle and was declared dead after being rushed to a hospital in HSR Layout. Authorities have launched a full investigation into the circumstances of his death, with forensic teams completing initial examinations and a post-mortem underway. Police said staff heard a shot during the afternoon and alerted authorities, who found Roy injured in an inner room. He had reportedly been retrieving documents at the request of investigators when the incident occurred. Bengaluru Police Commissioner Seemant Kumar Singh described the case as a suspected suicide, noting that formal determinations will follow once the investigation and autopsy are complete. No suicide note has been confirmed at this stage. The Income Tax Department’s presence at the Confident Group’s premises was part of a broad examination of financial records and compliance, which has extended over several days, according to law enforcement sources. Officers from the department were reviewing documentation linked to tax filings and other regulatory matters when Roy took his life. While some observers have drawn a link between the tax probe and his actions, senior police officials emphasised that motive has not been officially established and will be determined through detailed inquiry. Confident Group has been a prominent name in the real estate sector for nearly two decades. Founded by Roy in 2005, the company grew from regional developments in Karnataka and Kerala to a diversified conglomerate with interests spanning residential and commercial real estate, hospitality and international ventures. The group’s portfolio included a large number of projects across southern India, and it had expanded into markets such as the UAE and the United States as part of its global strategy. Roy, born Chiriankandath Joseph Roy and originally from Kerala, was widely recognised within Indian and international business communities. He held a PhD and had previously worked in the corporate sector before building his own enterprise into a major developer known for its ambitious projects and rapid growth. Beyond real estate, Roy was active in film production, backing several Malayalam films, and was seen as a cultural figure in his home state’s entertainment circles. Industry analysts said the shock of his death will be felt across the real estate sector, where business leaders are already navigating a complex regulatory environment. The dual pressures of compliance with income tax requirements and ongoing litigation in tax and financial courts had placed significant strain on the leadership of Confident Group in recent months. Commentators on social media and industry platforms highlighted the need for greater support systems for executives coping with legal and financial scrutiny, although specific links between the probe and Roy’s decision are yet to be confirmed by officials. Confident Group’s operations included a mix of residential communities, commercial complexes and mixed-use developments, with the company touting a “zero-debt” business approach that set it apart from many competitors in a sector often challenged by leveraged growth models. The firm’s international footprint, including property development in Dubai, had positioned it as a notable player in cross-border real estate development. Family representatives and close associates have been approached by investigators as part of the inquiry, and police have indicated that statements from relatives and colleagues are being recorded to build a clearer picture of Roy’s state of mind and the events leading up to his death. As the probe continues, authorities have pledged to share further details when available. The article Confident Group chairman CJ Roy dies by suicide amid tax probe appeared first on Arabian Post.
Dr C. J. Roy, the founder and chairman of Bengaluru-based Confident Group, died by suicide at his company office on Friday as officials from the Income Tax Department were conducting searches and questioning him, police and local authorities said. The 57-year-old was found with a gunshot wound inside his Langford Road office near Richmond Circle and was declared dead after being rushed to a hospital in HSR Layout. Authorities have launched a full investigation into the circumstances of his death, with forensic teams completing initial examinations and a post-mortem underway.
Police said staff heard a shot during the afternoon and alerted authorities, who found Roy injured in an inner room. He had reportedly been retrieving documents at the request of investigators when the incident occurred. Bengaluru Police Commissioner Seemant Kumar Singh described the case as a suspected suicide, noting that formal determinations will follow once the investigation and autopsy are complete. No suicide note has been confirmed at this stage.
The Income Tax Department’s presence at the Confident Group’s premises was part of a broad examination of financial records and compliance, which has extended over several days, according to law enforcement sources. Officers from the department were reviewing documentation linked to tax filings and other regulatory matters when Roy took his life. While some observers have drawn a link between the tax probe and his actions, senior police officials emphasised that motive has not been officially established and will be determined through detailed inquiry.
Confident Group has been a prominent name in the real estate sector for nearly two decades. Founded by Roy in 2005, the company grew from regional developments in Karnataka and Kerala to a diversified conglomerate with interests spanning residential and commercial real estate, hospitality and international ventures. The group’s portfolio included a large number of projects across southern India, and it had expanded into markets such as the UAE and the United States as part of its global strategy.
Roy, born Chiriankandath Joseph Roy and originally from Kerala, was widely recognised within Indian and international business communities. He held a PhD and had previously worked in the corporate sector before building his own enterprise into a major developer known for its ambitious projects and rapid growth. Beyond real estate, Roy was active in film production, backing several Malayalam films, and was seen as a cultural figure in his home state’s entertainment circles.
Industry analysts said the shock of his death will be felt across the real estate sector, where business leaders are already navigating a complex regulatory environment. The dual pressures of compliance with income tax requirements and ongoing litigation in tax and financial courts had placed significant strain on the leadership of Confident Group in recent months. Commentators on social media and industry platforms highlighted the need for greater support systems for executives coping with legal and financial scrutiny, although specific links between the probe and Roy’s decision are yet to be confirmed by officials.
Confident Group’s operations included a mix of residential communities, commercial complexes and mixed-use developments, with the company touting a “zero-debt” business approach that set it apart from many competitors in a sector often challenged by leveraged growth models. The firm’s international footprint, including property development in Dubai, had positioned it as a notable player in cross-border real estate development.
Family representatives and close associates have been approached by investigators as part of the inquiry, and police have indicated that statements from relatives and colleagues are being recorded to build a clearer picture of Roy’s state of mind and the events leading up to his death. As the probe continues, authorities have pledged to share further details when available.
The article Confident Group chairman CJ Roy dies by suicide amid tax probe appeared first on Arabian Post.
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