The Special Investigation Team (SIT) looking into the death of Confident Group Chairman C. J. Roy has concluded that there is no proof to support claims of harassment by Income Tax Department officials before his death. Initial findings suggest that severe business-related stress may have led to the suspected suicide. It has been confirmed that Roy was not interrogated by tax authorities on the day he took his life in Bengaluru.
Investigators have clarified that there is no indication so far that Roy was subjected to any undue pressure by tax officials. Sources mentioned that Roy seemed troubled by other unresolved matters. Police are investigating why Roy had been seeking treatment for mental stress in recent times. To understand his state of mind, the SIT has taken statements from three close friends in Kochi, who had extensive phone conversations with him before his death, focusing on personal, not business, connections.
Additionally, the SIT has gathered information from two YouTubers who created promotional content for the Confident Group. Earlier, statements from business associates were also recorded. Simultaneously, authorities are gearing up for a thorough examination of Roy’s financial transactions. Audit reports of his companies will be meticulously reviewed, with private auditors appointed to scrutinize financial dealings. Officials are exploring whether financial disruptions, regulatory investigations, or investor demands added to his stress.
Roy, known for his lavish lifestyle, faced increased scrutiny of his financial activities in recent months, including owning a luxury car collection in Dubai. The company has assured that work is progressing at all their projects, and commitments to buyers remain intact.
