Bengaluru: Fresh findings by the investigation team probing the death of Confident Group owner C.J. Roy point to severe mental stress over the past six months, triggered by financial pressures and investor withdrawals, as a key factor behind his suicide.
According to investigators, Roy had mobilised investments from political leaders and personalities from the film industry for major real estate projects in Dubai and Kerala. However, as fears grew that Roy could come under the scanner of central investigating agencies, several investors reportedly began demanding their money back, sharply intensifying the pressure on him.
The probe suggests that Roy struggled to clearly explain the sources of multiple financial transactions, which may have pushed him towards the drastic decision. Investigators have recovered handwritten notes from the group’s headquarters detailing investor information and financial dealings, which are now being closely examined.
Meanwhile, a Special Investigation Team (SIT) has stepped up its inquiry, turning its focus on Roy’s business partners and intermediaries in the real estate sector. Based on early statements, Karnataka Police are preparing to question individuals who played crucial roles in large-scale land transactions linked to the group. To reconstruct Roy’s financial activities in the days leading up to his death, the SIT has also sought bank account details, formally requesting records from concerned banks.
The tragic incident occurred while central agencies were conducting raids at Roy’s offices and residences in connection with alleged tax evasion. Roy was found dead after shooting himself inside his office near Richmond Circle in Bengaluru, a development that has sent shockwaves through the business, political, and real estate circles.
