Roy C J, chairman of the Confident Group, died by suicide in Bengaluru on Friday. Initial reports suggested he allegedly shot himself to death in his office.

He died while he was being rushed to the hospital. His body is kept at HSR Layout's Narayana Hospital.

It has been reported that Roy sustained a gunshot wound in the chest when an Income tax raid was underway in his office. Onmanorama contacted the Income Tax office in Bengaluru and an official said that they can't comment on the incident. The department hasn't issued any statement so far.

Police said they suspect it to be a case of suicide and added that a conclusion would be drawn after the post-mortem examination.

Roy was a well-known builder and a prominent figure in India's real estate sector. A native of Kochi, he founded the Confident Group and led its expansion, executing projects across multiple cities.

(Further details awaited)