CJ Roy Death: Brother Seeks Answers From Tax Officials After Bengaluru Tycoon’s Suicide

The death of CJ Roy, chairman and founder of Confident Group, has triggered serious questions over the conduct of tax authorities, after his elder brother publicly alleged that intense pressure from Income Tax officials may have pushed the Bengaluru-based businessman to take his own life.

CJ Roy was found dead at his Bengaluru office after sustaining a gunshot wound from his licensed firearm, just hours after Income Tax officials carried out searches at the premises in connection with an alleged assets disproportionate case. Police have registered the incident as a suspected suicide and stated that investigations are ongoing.

Speaking to a Malayalam news channel, Roy’s elder brother said the family was struggling to understand the circumstances that led to the tragedy and demanded accountability from the Income Tax Department.

“I don’t know how the Income Tax team troubled him. They need to answer what happened that made him take such a step. He was under tremendous pressure for the last three to four days. I was trying to calm him down, but I never imagined this would happen,” he said.

He further asserted that Roy was financially stable and under no monetary distress. “He had no debt at all. His bank balance was strong. There was absolutely no financial crisis that could explain such an extreme decision,” he added, rejecting speculation that the suicide was linked to business losses.

According to family members, Income Tax officials from Kerala had first questioned Roy in early December 2025, before calling him back from Dubai for further inquiries. The latest round of searches took place on January 28 at the Confident Group’s Richmond Road office in Bengaluru, days before Roy’s death.

Sources said the tax department had been examining the company for nearly two months over alleged discrepancies between declared income and assets. However, no formal charges or conclusions had been announced at the time of the incident.

The brother’s statement has intensified scrutiny over the mental and psychological impact of prolonged investigative pressure, particularly in cases where probes are ongoing and conclusions have not yet been established.

Police officials confirmed that a detailed forensic examination, post-mortem analysis, and review of digital evidence are underway. Authorities have also recorded statements from staff members present at the office during the incident. Officials stressed that no final determination will be made until all investigative procedures are completed.

CJ Roy was a well-known figure in the real estate sector in southern India. A native of Kerala, he built Confident Group into a prominent developer with projects across Kerala and Karnataka. Despite his reputation for luxury cars and high-end living, Roy was known to retain his first car, a Maruti 800, often citing it as a reminder of his humble beginnings.

He was also recognised for philanthropic initiatives, including pledges to provide housing support to individuals from economically weaker sections during real estate exhibitions and public events.

Following his death, Confident Group issued a tribute describing Roy as a visionary leader whose values and principles shaped the organisation.

“Our beloved leader has departed from us, but not from the path he showed us. His vision and values will continue to guide the Confident Group family,” the company said in a statement.

As investigations continue, Roy’s family has reiterated its demand for transparency, insisting that authorities explain whether investigative procedures crossed acceptable limits. The case has reignited debate on the need for institutional accountability and safeguards during high-pressure financial probes.