Confident Group Chairman CJ Roy Dies by Suicide Amidst IT Raid; Amassed ₹9,000 Crore Wealth
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News18•31-01-2026, 11:43
Confident Group Chairman CJ Roy Dies by Suicide Amidst IT Raid; Amassed ₹9,000 Crore Wealth
- •CJ Roy, Chairman of Confident Group, died by suicide, shooting himself during an Income Tax Department raid at his office.
- •Roy's net worth was ₹9,000 crore, owning a private jet and over 200 luxury cars, including 12 Rolls-Royces.
- •He started his career managing accounts for his mother's small-scale real estate business in Kerala.
- •A strategic bet on Sarjapur Road in Bengaluru in 2001, buying land cheaply before it became a tech corridor, was key to his immense wealth.
- •Roy used a unique marketing strategy in Kerala, giving away a flat as a reality show prize, which boosted his credibility and sales.
Why It Matters: CJ Roy, a real estate magnate, died by suicide amidst an IT raid, leaving behind a vast empire built on shrewd investments.
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