Roy sought time to talk to mother and shot himself in adjoining room, says brother Babu C.J.

Sat Jan 31 04:15:02 UTC 2026: ### Confident Group Chairman C.J. Roy Dies by Suicide During Income Tax Raid

The Story:
C.J. Roy, the founder and chairman of Dubai-based Confident Group, died by suicide on January 31, 2026, while Income Tax officials were conducting a raid on his Bengaluru office. The raids had been ongoing since Wednesday, and Mr. Roy was present at his Langford Town office when the incident occurred. According to police sources, Mr. Roy reportedly asked for permission to make a phone call to his mother before going into an adjoining room and shooting himself.

Key Points:

• C.J. Roy, Chairman of Confident Group, died by suicide during an Income Tax raid on January 31, 2026.
• The Income Tax raids on Confident Group had been ongoing since the previous Wednesday.
• Mr. Roy was in his Langford Town office in Bengaluru when the incident occurred.
• He reportedly asked to call his mother before shooting himself in an adjacent room.
• A licensed pistol, reportedly purchased 20 years ago for self-protection, was used.
• Mr. Roy also served as the Honorary Consul for the Slovak Republic for Karnataka and Kerala.
• His brother, Babu C.J., stated that Mr. Roy “sounded normal” during a phone conversation earlier that morning.
• Congress leader Mohammed Nalpad described Mr. Roy as a “father figure” and expressed shock at his death.

Key Takeaways:

• The Income Tax raid appears to have been the immediate trigger for C.J. Roy’s suicide.
• The incident raises questions about the pressure exerted during Income Tax investigations.
• The death of a prominent businessman and honorary consul could have implications for international relations.
• The firearm legality and acquisition timeline will be scrutinized by investigators.

Impact Analysis:

This event could lead to increased scrutiny of Income Tax investigation procedures in India, potentially leading to reforms aimed at reducing the stress and pressure placed on individuals under investigation. The incident might also impact foreign investments and diplomatic relations between India and the Slovak Republic. The investigation into the circumstances surrounding Mr. Roy’s death will likely be closely followed by the business community and the public.

Read More