Fri Jan 30 18:26:07 UTC 2026: ### Dubai-Based Confident Group Chairman C.J. Roy Dies by Suicide During Income Tax Raid in Bengaluru
The Story:
C.J. Roy, the founder and chairman of the Dubai-based Confident Group, died by suicide on January 31, 2026, while Income Tax officials were conducting a raid on his Bengaluru office. The incident occurred after Roy was questioned by IT sleuths and reportedly requested to speak to his mother privately. He then went into an adjoining room and shot himself. The Income Tax raids on the Confident Group had been ongoing since Wednesday.
Key Points:
- C.J. Roy died of a self-inflicted gunshot wound at his Langford Town office in Bengaluru on January 31, 2026, during an Income Tax raid.
- His brother, Babu C.J., stated that Roy sounded “normal” when they spoke around 11 a.m. on Friday, shortly before the incident.
- Police sources indicate that Roy asked to speak to his mother after being questioned by Income Tax officials.
- Roy used a licensed pistol he had owned for 20 years for self-protection.
- Congress leader Mohammed Nalpad expressed shock at Roy’s death and described him as a “father figure.”
- Babu C.J. believes the pressure from the Income Tax raids may have pushed his brother to suicide.
- IT sleuths raided Babu C.J.’s house on January 22 and requested documents.
Key Takeaways:
- The suicide of a prominent businessman during an Income Tax raid raises questions about the pressure and tactics employed during such investigations.
- The timing of the suicide, shortly after questioning by IT officials and a phone call request, suggests a direct link between the raid and Roy’s actions.
- The incident will likely prompt scrutiny of the Confident Group’s financial dealings and potential irregularities that triggered the Income Tax investigation.
- This event highlights the personal toll that high-stakes financial investigations can take on individuals.
First Piper 