Bengaluru Real Estate Mogul, Facing Tax Probe, Commits Suicide at Office
Bengaluru witnessed a tragic incident involving CJ Roy, the chairman of Confident Group, who died by suicide on Friday. The 57-year-old resorted to shooting himself in the head at his office while Income Tax raids were ongoing. This incident has raised significant concerns regarding the pressures faced by prominent individuals in the real estate sector.
Bengaluru Real Estate Mogul Commits Suicide Amid Tax Probe
On Thursday morning, the Income Tax Department commenced raids on companies associated with CJ Roy. During these investigations, it was allegedly discovered that Roy held assets that far exceeded his declared income sources. The raids reportedly left him in a state of distress.
Details of the Incident
- Incident occurred in Ashok Nagar, Bengaluru.
- Roy was immediately rushed to a nearby hospital but was pronounced dead upon arrival.
- Bengaluru Police Commissioner Seemanth Kumar Singh confirmed the suicide and the ongoing IT investigations.
Background of CJ Roy
CJ Roy hailed from Kochi, Kerala, and was a prominent figure in the real estate industry. Confident Group has significantly impacted the real estate market in southern India, particularly in Karnataka and Kerala.
Apart from real estate, Roy also ventured into the film industry, producing Malayalam films, including the 2012 action film “Casanova,” featuring superstar Mohanlal. Additionally, Confident Group was a title sponsor for several seasons of the popular reality show “Bigg Boss Malayalam,” hosted by the same actor.
Current Investigations and Family Updates
In light of recent events, authorities are in communication with Roy’s family, who are currently outside of India. The police are treating the case as a self-inflicted shooting, with further investigations ongoing into the circumstances surrounding the Income Tax raids.
